Grasim Industries reports 81% fall in Q1 consolidated net profit
14th Aug 2020

Grasim Industries has reported results for the first quarter ended June 30, 2020.

The company has reported a net loss of Rs 269.09 crore for the quarter under review against net profit of Rs 201.70 crore for the same quarter in the previous year. Total income of the company decreased by 59.84% at Rs 2,042.28 crore for Q1FY21 as compared Rs 5,085.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 80.88% in its net profit attributed to owner at Rs 236.56 crore for the quarter under review as compared to Rs 1,237.38 crore for the same quarter in the previous year. Total income of the company decreased by 31.17% at Rs 13,997.90 crore for Q1FY21 as compared Rs 20,337.49 crore for the corresponding quarter previous year.