Grasim Industries Q2FY22 Results: Profit, revenue register double-digit growth; margins slip
The companys topline and bottomline posted double-digit growth. However, the margins witnessed pressure during the quarter.
Aditya Birla Group-backed cement company Grasim Industries reported robust earnings during the second quarter of the financial year 2021-22 (Q2FY22). The company’s topline and bottomline posted double-digit growth. However, the margins witnessed pressure during the quarter.
On a consolidated basis, Grasim reported 40.7 per cent year-on-year profit growth to Rs 1359 crore as compared to Rs 966 crore in the same quarter a year ago. While its revenue surged 25.7 per cent to Rs 22,564 crore in Q2FY22 as against Rs 17,950 crore in the corresponding quarter of last fiscal.
The company’s consolidated EBITDA came at Rs 4282 crore versus Rs 3603 crore, up 18.8 per cent, while its margins slipped to 19 per cent from 20 per cent year-on-year. “Overall CAPEX spent of Rs.267Cr. (YTD FY22) primarily on the acquisition of land parcels close to consumption hubs”, it said.
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