Grasim posts 11% rise in net - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Grasim posts 11% rise in net

Oct 20, 2000

Grasim Industries Limited has posted a 11% growth in PAT for the quarter ended 30th September 2000. The company has benefited largely from higher capacity utilization levels in three of its four businesses and a decline in interest expenditure.

(Rs m)2QFY002QFY01Change
Turnover 10,305 11,922 15.7%
EBIDT 2,112 2,189 3.6%
Interest 721 605 -16.1%
Gross Profit 1,391 1,584 13.8%
Depreciation 584.3 629.7 7.8%
Profit before Tax 807 954 18.2%
Other Adjustments (9)-65
Tax 50 60 20.0%
Profit after Tax/(Loss) 749 830 10.8%
Net profit margin (%)7.3%7.5%
Diluted No. of Shares 72.3 72.3
Diluted Earnings per share* 41.41 45.90 10.8%

Among its four divisions, VSF, cement and white cement recorded a rise in sales and realisations (except for cement which witnessed a 2% drop in realisations). The sponge iron business however disappointed with a 17% drop in sales on account of production cuts due to raw material shortage.

The stock presently trades at Rs 185, implying a P/e multiple of 4 on annualised second quarter earnings.

Equitymaster requests your view! Post a comment on "Grasim posts 11% rise in net". Click here!


More Views on News

GRASIM 2020-21 Annual Report Analysis (Annual Result Update)

Oct 20, 2021 | Updated on Oct 20, 2021

Here's an analysis of the annual report of GRASIM for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of GRASIM. Also includes updates on the valuation of GRASIM.

Grasim Results Review: Net Profit Beats Estimates as Revenues Rise 182% (Views On News)

Aug 16, 2021

Higher VSF exports help Grasim amid weak domestic demand.

GRASIM Announces Quarterly Results (4QFY21); Net Profit Up 12.4% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, GRASIM has posted a net profit of Rs 25 bn (up 12.4% YoY). Sales on the other hand came in at Rs 244 bn (up 26.1% YoY). Read on for a complete analysis of GRASIM's quarterly results.

Nuvoco Vistas Makes a Lackluster Debut. Stock Lists at 17% Discount (Views On News)

Aug 23, 2021

Nuvoco Vistas witnessed a tepid listing on the bourses despite strong outlook for the cement sector.

Shree Cement Shares Tanks on Poor Operating Performance in the June Quarter (Views On News)

Aug 10, 2021

Shree Cement lags peers in volume growth.

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

6 Popular Stocks that Turned into Penny Stocks (Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

India's Top 5 Monopoly Stocks to Watch Out for (Views On News)

Nov 30, 2021

These 5 companies dominate their sectors with a huge piece of the pie.

The Biggest Winners and Losers in India's Transition to Electric Vehicles (Profit Hunter)

Nov 26, 2021

How India's EV transition could be a major headwind for the incumbents.

7 Stocks that Mutual Funds Can't get Enough of (Views On News)

Dec 1, 2021

Come hell or high water, these are the top Indian stocks which mutual funds never leave.


Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms


Dec 7, 2021 (Close)