Grasim Industries Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 12, 2021 at 03:41 am EST
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Grasim Industries Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 213,167.3 million compared to INR 188,601.7 million a year ago. Net income was INR 13,839.6 million compared to INR 6,802.1 million a year ago. Basic earnings per share was INR 21.07 compared to INR 10.36 a year ago. Diluted earnings per share was INR 21.06 compared to INR 10.36 a year ago. Basic earnings per share from continuing operations was INR 20.66 compared to INR 10.42 a year ago. Diluted earnings per share from continuing operations was INR 20.65 compared to INR 10.41 a year ago. For the nine months, total revenue was INR 528,808.3 million compared to INR 564,609.2 million a year ago. Net income was INR 25,854.9 million compared to INR 28,866.4 million a year ago. Basic earnings per share was INR 39.38 compared to INR 43.98 a year ago. Diluted earnings per share was INR 39.35 compared to INR 43.95 a year ago. Basic earnings per share from continuing operations was INR 34.59 compared to INR 43.7 a year ago. Diluted earnings per share from continuing operations was INR 34.57 compared to INR 43.67 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 
