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.
Profit before Tax
Profit after Tax/(Loss)
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Diluted No. of Shares
Diluted Earnings per share*
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.
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