Grasim Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 14, 2022 at 03:50 am EST
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Grasim Industries Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 274,855.4 million compared to INR 225,674.8 million a year ago. Revenue was INR 277,375.8 million compared to INR 228,176.9 million a year ago. Net income was INR 10,091.7 million compared to INR 13,591.8 million a year ago. Basic earnings per share from continuing operations was INR 15.37 compared to INR 20.21 a year ago. Diluted earnings per share from continuing operations was INR 15.35 compared to INR 20.18 a year ago. Basic earnings per share was INR 15.37 compared to INR 20.7 a year ago. Diluted earnings per share was INR 15.35 compared to INR 20.67 a year ago.
For the six months, sales was INR 555,270.8 million compared to INR 424,875 million a year ago. Revenue was INR 559,471.9 million compared to INR 430,074.4 million a year ago. Net income was INR 29,425.6 million compared to INR 30,264.8 million a year ago. Basic earnings per share from continuing operations was INR 44.8 compared to INR 45.05 a year ago. Diluted earnings per share from continuing operations was INR 44.76 compared to INR 44.99 a year ago. Basic earnings per share was INR 44.8 compared to INR 46.08 a year ago. Diluted earnings per share was INR 44.76 compared to INR 46.02 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 
