Grasim Q4 net up 32% at Rs 865 cr | business | Hindustan Times
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Grasim Q4 net up 32% at Rs 865 cr

Grasim Industries, an Aditya Birla Group company led by Kumar Mangalam Birla, announced a 32% growth in its net profit at Rs 865 crore for the quarter ended March 2011, which is the highest ever for the company.

business Updated: May 11, 2011 21:20 IST
HT Correspondent

Grasim Industries, an Aditya Birla Group company led by Kumar Mangalam Birla, announced a 32% growth in its net profit at Rs 865 crore for the quarter ended March 2011, which is the highest ever for the company. It also announced a 19% rise in its consolidated net revenue at Rs 6,502 crore.

The company said the improved performance is a result of strong VSF (viscose staple fibre) business and improved performance in the cement business.

Grasim expects the global VSF demand to grow at 5-6% in the long term but said that the profitability in the short term will be governed by the prices of competitive fibres, inputs and energy costs.