Grasim Q3 Results: Net loss widens to Rs 174 crore—Key things to know

Grasim Industries on Tuesday reported a standalone net loss of Rs 174.4 crore for the quarter ended December 31, wider than a net loss of Rs 168.7 crore for the corresponding period a year ago.

Its December-quarter standalone revenue grew 28.5 per cent to Rs 10,431.8 crore, according to a regulatory filing.

According to Zee Business research, Grasim's net loss for the period was estimated at Rs 130 crore with Rs 9,740 crore in revenue.

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Grasim Q3 Results | Operational performance

Grasim's operating margin -- a key measure of profitability -- expanded by 114 basis points (bps) to 4.82 per cent.

On a consolidated basis, the company said its earnings before interest, taxes, depreciation and amortisation (EBITDA) jumped 33 per cent to Rs 6,215 crore.

Consolidated revenue grew 25 per cent to Rs 44,312 crore.

Grasim Q3 Results | Outlook

Grasim Industries said it is strongly positioned to capitalise on the country's accelerating economic momentum, driven by sustained public capital expenditure (capex), infrastructure expansion and manufacturing-led growth.

Earlier this month, the central government announced a record capex of Rs 12.2 lakh crore.

Grasim said that the government’s 'Viksit Bharat' (Developed India) vision, anchored in investments across transport, housing, energy transition and urban infrastructure continue to create durable demand across its businesses. With a strong balance sheet and future-focused investments in place, Grasim said it is uniquely positioned to participate meaningfully in the next phase of the country's growth journey.

Grasim Q3 Earnings | How Birla Opus fared

The conglomerate said that market share gains accelerated in its paints business with sequential revenue growth of nearly three times the growth rate registered by the domestic decorative paints.

The company said, citing internal estimates, that the combined revenue market share of Birla Opus and Birla Putty expanded by more than 300 bps on a year-on-year basis, strengthening its No. 3 position in the industry.

It also said that more than 7.5 lakh painters have applied Birla Opus products since its launch.

Grasim Industries shares

Earlier on Tuesday, the Grasim stock rose 1.0 per cent to close at Rs 2,954.5 apiece on BSE in a Mumbai market where benchmarks rose for a third straight session.