Grasim Industries net profit jumps to Rs 2,152.33 cr in Q3
Aditya Birla Group firm Grasim Industries on Friday reported an over two-fold jump in its consolidated net profit to Rs 2,152.33 crore for the third quarter ended December 31.
The company had posted a net profit of Rs 1,039.82 crore during the corresponding quarter of the previous fiscal, Grasim Industries said in a regulatory filing.
Revenue from operations during October-December 2020 rose 12.72 per cent to Rs 20,986.35 crore from Rs 18,616.76 crore a year ago.
“Key businesses outperform pre-Covid-19 operational levels, leveraging the synergy of a conglomerate and the energy of focused businesses,” said Grasim Industries in its earning statement.
The firm’s total expenses were at Rs 18,278.75 crore in the third quarter of 2020-21, up 4.81 per cent against Rs 17,439.19 crore a year ago.
Revenue of Grasim Industries from viscose-pulp, viscose staple fibre and filament yarn segments was down 2.20 per cent to Rs 2,145.14 crore, against Rs 2,193.55 crore.
Bosch net declines
Auto component major Bosch’s consolidated net profit declined by 3.24 per cent to Rs 184.15 crore for the third quarter ended December 31, 2020. The company had posted a net profit of Rs 190.33 crore in the October-December period of 2019-20.
Revenue from operations increased to Rs 3,029.64 crore against Rs 2,536.64 crore in the year-ago period.
“The sales figure for the festive season in the last quarter was better than anticipated, especially in the tractor and passenger automotive segments. However, the volatilities in the supply chain continued to disrupt growth,” Bosch Ltd managing director Soumitra Bhattacharya said.