Consolidated PAT (After Exceptional item) for Q4FY21 stood at
Standalone PAT for Q4FY21 stood at
Last year, the PAT (after extraordinary items) included reversal of deferred tax liability.
Consolidated revenue for the fourth quarter was up 26 per cent YoY at
Consolidated Revenue, EBITDA and PBT for FY21 stood at
Revenue and EBITDA from the discontinued operations (Fertiliser Business) for Q4FY21 stood at
While the signs of economic recovery picking up momentum was visible during the Q4FY21, the impact of the second wave of COVID-19 on the economic activity needs to be assessed.
Viscose Business
The Global textile fibre demand witnessed a sharp recovery in H2FY21 led by a spurt in the consumer demand and restocking of the pipeline. The growing consumer preference for comfortable, casual & value for money clothing has spurred demand for cellulosic fibre and VSF has been a key beneficiary of this shift.
The buoyancy in the domestic demand was reflected in 9 per cent YoY growth in the domestic sales. VAP portfolio reported 17 per cent YoY growth during Q4FY21. The share of value-added products in the overall sales mix as a result improved to 26 per cent in Q4FY21 from 22 per cent in Q3FY21.
The VSF prices in
The Net Revenue for the Viscose segment (including VFY) stood at
Chemical Business
The domestic Caustic Soda business and Advanced Material business reported a strong operational performance during the quarter. The caustic soda capacity utilisation improved to 94 per cent in Q4FY21 from 89 per cent in Q3FY21. International caustic soda prices improved sequentially led by temporary supply disruptions in the later part of the quarter.
The Advanced Material (Epoxy) Sales Volume growth was driven by demand across segments- especially from the wind and auto segment. The sector witnessed demand outstripping the supply due to raw material constraint, coupled with disruption at certain global manufacturers.
The Net Revenue for Q4FY21 stood at
Paint Business
The Paint business is making brisk progress in line with the plans. The company is in the process of hiring senior professionals and specialists for the business. It is also actively engaged in shortlisting /acquiring land for plant locations and is progressing with the engineering planning for the project.
Capex Plan
The total capex spend for FY21 stood at
In the
Sustainability
The VSF business received the prestigious 'Innovative and Sustainable Supply Chain Award' by United Nations Global Compact Network India. The business was given the award for its pioneering innovation relating to recycled and circular fibre made with pre-consumer fabric waste based on inhouse technology (Next Generation fibre) and its unique blockchain-based platform GreenTrack that provides 'end to end' supply chain traceability to textile industry/ brands.
The Pulp & Fibre business released its 2nd Sustainability Report - focused on providing an insight into the integration of sustainability into its business strategy and an update on approach and progress that has been made in all key areas.
The Solar Renewable business commissioned 182 MW of new capacity in FY21 taking the total capacity to 502 MW.
Dividend
The Board of Directors of Grasim has recommended a dividend of ' 5 per equity share and a special dividend of ' 4 per equity share for the year ended
COVID 19
The company continues to give utmost primacy to the safety and well-being of employees and local communities in the wake of the second wave of COVID-19. The company has undertaken a series of steps to provide relief during this unsettling period. These include: setting up COVID treatment centres, earmarking beds for patients in hospitals across the country, and mobilising oxygen cylinders and concentrators across locations. An Oxygen plant has also been set up at Veraval as part of a comprehensive plan.
The company has also tried to accelerate the vaccination drive for employees and workers pan-
The company has also taken additional steps like enhanced medical coverage to cover hospitalisation expenses of employees and their families and announced ex-gratia benefits to support families of deceased employees (including contractual). These benefits would cover housing, medical, schooling, and other financial support to the family.
Cement Subsidiary -
UltraTech's Consolidated Revenue was at
For Q4 FY 21, UltraTech reported Consolidated Revenue of
UltraTech successfully raised
The net debt of UltraTech stands reduced to
The UltraTech board approved (Dec-20) capacity expansion of 19.5 MTPA through a mix of greenfield and brownfield expansion. Upon completion of both rounds of expansion the capacity will expand to 136.25 MTPA.
Financial Services Subsidiary -
The Consolidated Revenue of ABCL grew 15 per cent YoY to
The Consolidated Revenue grew by 16 per cent YoY to
The NBFC and Housing Finance lending book stood at
In Asset Management, the Overall Domestic AAUM increased to
In Life Insurance, Individual First Year Premium (FYP) for FY21 grew by 14 per cent YoY to
In the
About
Contact:
Tel: (07366) 246760-66
Fax: (07366) 244114
Web: www.grasim.com
Cautionary Statement
Statements in this 'Press Release' describing the Company's objectives, projections, estimates, expectations or predictions may be 'forward looking statements' within the meaning of applicable securities law and regulations. Actual results could differ materially from those express or implied. Important factors that could make a difference to the Company's operations include global and Indian demand supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Company's principal markets, changes in Government regulations, tax regimes, economic developments within
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