Grasim Industries Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Capex Guidance for 2015 and 2016
January 31, 2015 at 03:22 am
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Grasim Industries Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on the consolidated basis, the company reported net revenue of INR 80,360 million compared to INR 71,170 million, PBIDT of INR 12,600 million compared to INR 11,430 million, PAT of INR 3,340 million compared to INR 3,320 million and PAT (Like for Like) of INR 4,100 million compared to INR 3,320 million for the last year. Diluted EPS was INR 36.28 against INR 36.13 a year ago. Profit from operations before other income and finance costs was INR 8,193.1 million against INR 6,708.2 million a year ago.
For the nine months, on the consolidated basis, the company reported net revenue of INR 240,260 million compared to INR 209,050 million, PBIDT of INR 40,250 million compared to INR 38,360 million, PAT of INR 12,370 million compared to INR 13,920 million and PAT (Like for Like) of INR 14,130 million compared to INR 13,920 million for the last year. Diluted EPS was INR 134.55 against INR 151.57 a year ago. Capex was INR 20,230 million. Profit from operations before other income and finance costs was INR 24,498.7 million against INR 23,191.3 million a year ago.
For the quarter, on the standalone basis, the company reported net revenue of INR 15,593 million compared to INR 14,701 million, PBIDT of INR 2,118 million compared to INR 2,437 million, PAT of INR 937 million compared to INR 1,261 million and PBT of INR 1,374 million compared to INR 1,757 million for the last year. Diluted EPS was INR 10.19 against INR 13.73 a year ago. Profit from operations before other income and finance costs was INR 1,182.1 million against INR 1,541.6 million a year ago.
For the nine months, on the standalone basis, the company reported net revenue of INR 45,979 million compared to INR 40,547 million, PBIDT of INR 8,332 million compared to INR 10,245 million, PAT of INR 4,989 million compared to INR 7,657 million and PBT of INR 6,287 million compared to INR 8,378 million for the last year. Diluted EPS was INR 54.26 against INR 83.36 a year ago. Capex was INR 3,460 million. Profit from operations before other income and finance costs was INR 3,576.2 million against INR 5,465.9 million a year ago.
For 2015, the company expects capex of INR 36,150 million.
For 2016, the company expects capex of INR 46,240 million.
Grasim Industries Limited is an India-based producer of cellulosic fibers, diversified chemicals, fashion yarn and fabrics producer. Its segments include Cellulosic Fibres, Chemicals, Building Material, Financial Service and Others. Its Cellulosic Fibres segment includes cellulosic staple fiber (CSF) and cellulosic fashion yarn (CFY). The Chemical segment includes chlor alkali, specialty chemicals and chlorine derivatives. The Building Material segment includes cement, paints and business to business (B2B) e-commerce businesses. The Others segment includes textiles, insulators and renewable power business. Its chlor-alkali business is engaged in the production of caustic soda, wide array of chlorine derivatives and specialty chemicals like epoxy polymers and curing agents. Its cement products include grey cement, white cement, ready mix concrete and wall putty products. Birla Pivot, the Company's the B2B e-commerce business unit, offers integrated procurement solutions.
Grasim Industries Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Capex Guidance for 2015 and 2016
GRASIM INDUSTRIES LIMITED 
