Grasim Industries has come out with its consolidated Q3FY11 results. The company's net sales were up 20% at Rs 5384.5 crore versus Rs 4439 crore, QoQ.
Its PAT was up 65% at Rs 599 crore versus Rs 362.6 crore, QoQ.
Its OPM was 21.9% versus 17.4%, QoQ.
The Samruddhi Cement was demerged w.e.f October 1, 2009 – has been amalgamated with Ultratech (subsidiary of Co). Therefore results not strictly comparable on YoY basis.
Grasim Q3FY11 YoY Cons
Its net sales were up 12% at Rs 5384.5 crore versus Rs 4845.5 crore.
The company's PAT was down 22% at Rs 599 crore versus Rs 767.8 crore.
Its OPM was 21.9% versus 29.7%.
The higher raw material and power & fuel costs ate into profits.
Its raw material costs were up 37% at Rs 1220.5 crore versus Rs 888 crore. The power & fuel costs were up 25% at Rs 1138.4crore versus Rs 912crore.
UltraTech’s poor performance has also impacted the results.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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