Grasim Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 12, 2021 at 08:11 am EST
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Grasim Industries Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 225,642.2 million compared to INR 179,495.3 million a year ago. Revenue was INR 228,175.8 million compared to INR 181,525.3 million a year ago. Net income was INR 13,591.9 million compared to INR 9,663 million a year ago. Basic earnings per share from continuing operations was INR 20.21 compared to INR 12.21 a year ago. Diluted earnings per share from continuing operations was INR 20.18 compared to INR 12.2 a year ago. Basic earnings per share was INR 20.7 compared to INR 14.72 a year ago. Diluted earnings per share was INR 20.67 compared to INR 14.71 a year ago.
For the six months, sales was INR 424,836.2 million compared to INR 309,988.3 million a year ago. Revenue was INR 430,068.7 million compared to INR 315,792.1 million a year ago. Net income was INR 30,264.9 million compared to INR 12,004.9 million a year ago. Basic earnings per share from continuing operations was INR 45.05 compared to INR 15.35 a year ago. Diluted earnings per share from continuing operations was INR 44.99 compared to INR 15.34 a year ago. Basic earnings per share was INR 46.08 compared to INR 18.29 a year ago. Diluted earnings per share was INR 46.02 compared to INR 18.28 a year ago.
Grasim Industries Limited is an India-based global producer of viscose, diversified chemicals, linen yarn, and fabrics producer in India. The Companyâs segments include Viscose, Chemicals, Cement, Financial Services, and Others. The Viscose segment includes viscose staple fiber, wood pulp and viscose filament yarn. The Chemicals segment includes caustic soda, allied chemicals, and epoxy. The Cement segment includes grey cement, white cement, and allied products. The Financial Services segment includes non-bank financial services, life insurance services, asset management (AMC), housing finance, equity broking, wealth management, general insurance advisory and health insurance. The Others segment includes textiles, insulators, paints, solar power, and business-to-business e-commerce. Through its subsidiaries, UltraTech Cement Limited and Aditya Birla Capital Limited, the Company is also a cement producer and a diversified financial services company. Navyasa is its saree brand.
GRASIM INDUSTRIES LIMITED 
