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Home / Business / Grasim net down 9.4%

Grasim net down 9.4%

Total income during the quarter under review fell 1.17 per cent to Rs 19,447.57 crore
The profitability was impacted by the drop in domestic VSF (viscose staple fibre) prices on the back of weakening global prices, the company said in a statement.

PTI   |   New Delhi   |   Published 10.02.20, 09:40 PM

Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 9.39 per cent decline in consolidated net profit at Rs 1,039.91 crore for the third quarter ended December 2019 compared with Rs 1,147.80 crore a year ago.

Total income during the quarter under review fell 1.17 per cent to Rs 19,447.57 crore from Rs 19,678.76 crore in the year-ago period.

The profitability was impacted by the drop in domestic VSF (viscose staple fibre) prices on the back of weakening global prices, the company said in a statement.

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