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.

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.

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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.