Grasim Industries Reports Marginal Decline In Profits For Q2 FY2024
Grasim Industries Limited, a leading player in the textile industry, has announced its consolidated financial results for the quarter ended September 30, 2023, showcasing key insights into the company’s performance.
The company’s total income for Q2 FY2024 stood at Rs 30,505.27 crore, reflecting a slight decrease from Rs 31,360.98 crore in Q1 FY2024. Net profit for the same period was reported at Rs 1,163.75 crore, down from Rs 1,576.47 crore in the previous quarter. The Earning Per Share (EPS) for Q2 FY2024 stood at Rs 17.71, compared to Rs 23.99 in Q1 FY2024.
The total income for Q2 FY2024 demonstrated growth, reaching Rs. 30,505.27 crore, up from Rs. 27,737.58 crore in Q2 FY2023. Net profit for the same period showed a positive trajectory, standing at Rs 1,163.75 crore compared to Rs 1,009.17 crore in Q2 FY2023. The EPS for Q2 FY2024 was Rs 17.71, an improvement from Rs 15.35 in Q2 FY2023.
For the six months ended September 30, 2023, total income reached Rs 61,866.25 crore, up from Rs 55,947.19 crore in the corresponding period in FY2023. Net profit for the same six-month period was reported at Rs 2,740.22 crore, down from Rs 2,942.56 crore in H1 FY2023. The EPS for the six months ended September 30, 2023, was Rs 41.69, compared to Rs 44.76 for the same period in FY2023.