Grasim Q1 results show revenue fell from 33,682.49 crores to 31,360.98 crores, a 6.89% decrease in growth. EPS rise from ₹20.83 to ₹23.99, up by 15.17%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Grasim shared its Q1 results on Thursday. They earned 31,360.98 crores in revenue this quarter, but that’s less than the 33,682.49 crores they made last quarter. Unfortunately, the company’s growth decreased by 6.89 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1,576.47 crores, up from 1,368.92 crores in the previous quarter. Their quarter-to-quarter growth increased by 15.16 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹23.99, which is an increase of 15.17% from the ₹20.83 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 31,360.98 crores this year (2023), which is 11.17 percent higher than last year’s total revenue of 28,209.61 crores.
This year’s PAT (Profit After Tax) is 1,576.47 crores, which is also 18.46% lower than last year’s PAT of 1,933.39 crores.
The EPS (Earnings Per Share) for this year is ₹23.99, which is 18.40% less than the EPS of ₹29.40 earned last year.
Grasim Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Grasim:
Grasim Industries Limited, headquartered in Mumbai, India, is a manufacturing firm. Established in 1947 as a textile producer, Grasim has expanded its operations to encompass various sectors, including textile raw materials such as viscose staple fiber (VSF) and viscose filament yarn, along with chemicals and insulators. The company has also ventured into the cement and financial services industries through its subsidiaries, namely UltraTech Cement and Aditya Birla Capital. Grasim Industries Limited is affiliated with the Aditya Birla Group.
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