Saturday, November 13, 2021

Grasim’s Q2 net profit up 41% | revenue up 26% | Stock Outlook


Grasim’s Q2 net profit up 41% to Rs 1,359 cr
 revenue zooms 26%

Grasim Industries Limited has reported a 41%Year-on-Year jump in its consolidated PAT (profit after tax) to Rs 1,359 crore for the July-September quarter of FY22. The flagship company of global conglomerate, Aditya Birla Group, had reported a consolidated PAT of Rs 966 crore in the corresponding quarter of the previous fiscal. However, Grasim's consolidated PAT is down 18 per cent compared to the previous quarter.

Grasim's consolidated EBITDA is up 19 per cent YoY at Rs 4,282 crore compared to Rs 3,603 crore in the same quarter of the previous financial year. The consolidated revenues from operations stood at Rs 22,564 crore, up 26%, from Rs 17,950 crore in the corresponding quarter last fiscal.

The firm's standalone revenue for Q2FY22 jumped 67 per cent to Rs 4,933 crore. EBITDA soared 144% to Rs 1,504 crore and standalone PAT at Rs 979 crore was up 180 per cent, on a YoY basis.

Revenue and EBITDA from the discontinued operations (fertiliser business) for Q2 of FY22 stood at Rs 773 crore and Rs 50 crore respectively. The fertiliser business divestment process is expected to be completed by Q3 of FY22.

Stock Outlook

Hold and still follow buy on dips strategy on this stock  , can test 2234 in short to mid term. Long term also hold.

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