Grasim Industries announces Q3 results
Grasim Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2009:
The Company has posted a net profit of Rs 5958.80 million for the quarter ended December 31, 2009 where as the same was at Rs 3295.60 million for the quarter ended December 31, 2008. Total Income is Rs 31406.50 million for the quarter ended December 31, 2009 where as the same was at Rs 27400.20 million for the quarter ended December 31, 2008.
The Unaudited Consolidated Results are as follows
The Group has posted a net profit of Rs 7153.20 million for the quarter ended December 31, 2009 where as the same was at Rs 4595.50 million for the quarter ended December 31, 2008. Total Income is Rs 49146.60 million for the quarter ended December 31, 2009 where as the same was at Rs 46829.40 million for the quarter ended December 31, 2008.
- The Results for the quarter and nine months ended December 31, 2009 are not strictly comparable with those of the corresponding periods of the previous year, owing to: (a) sale of the Sponge Iron unit on May 22, 2009 and (b) the results of Idea Cellular Ltd. being consolidated as a Joint Venture in the corresponding periods of the previous year, whereas w.e.f. January 01, 2009, the same is being consolidated as an Associate.
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