Grasim Industries Q1 net profit at Rs 1,080 cr

Aditya Birla Group company Grasim Industries on Tuesday said its consolidated net profit stood at Rs 1,080.03 crore for the first quarter ended June 30, 2009.

Updated on: Jul 28, 2009, 16:34:48 IST

PTI | By HT Correspondent, Mumbai

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Aditya Birla Group company Grasim Industries on Tuesday said its consolidated net profit stood at Rs 1,080.03 crore for the first quarter ended June 30, 2009.

The company had a net profit of Rs 671.89 crore in the same quarter last year, Grasim Industries said in a filing to the Bombay Stock Exchange.

"Results for the quarter ended June 2009 are not strictly comparable owing to sale of Sponge Iron unit effective from May 22, 2009," the company said in a filing.

Total operating income stood at Rs 5,122 crore in the latest quarter against Rs 4,448 crore in the same period last year.

On a standalone basis, the company has posted a net profit of Rs 866.59 crore this quarter, while its net profit in the same period last year stood at Rs 514.19 crore.

Total operating income this quarter was Rs 3,078.73 crore against Rs 2,618.26 crore in the same quarter last fiscal.

Shares of Grasim Industries were trading at Rs 2,887 on the BSE, down 0.04 per cent from the previous close.

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