Grasim Industries shares are trading lower after reporting below-than-expected Q4 net profit. The company reported 35.6% YoY fall in consolidated net profit from continuing operations on 16.2% total income growth for Q4. The board recommended a dividend of ₹10/share.
Grasim Industries Limited is an India-based company that is primarily engaged in producing viscose and chemicals. The Company’s segments include Viscose, Chemicals, Cement, Financial Services and Equity Broking. The Viscose segment includes viscose staple fiber, wood pulp and viscose filament yarn. The Chemicals segment includes caustic soda, allied chemicals and epoxy. The Cement segment includes grey cement, white cement and allied products. The Financial Services segment non-bank financial services, life insurance services, asset management (AMC), housing finance, equity broking, wealth management, general insurance advisory and health insurance. It also includes textiles, insulators and solar power. Its plants are located in Madhya Pradesh, Maharashtra, Gujarat and West Bengal. The Company’s wholly owned subsidiaries include ABNL Investment Limited, Aditya Birla Renewables Limited, Aditya Birla Solar Limited and Samruddhi Swastik Trading and Investments Limited.
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| Day | Open | Close | Day's change |
|---|---|---|---|
| Fri, May 26 | 1,701.90 | 1,688.30 | -0.81% |
| Thu, May 25 | 1,694.95 | 1,701.35 | 0.38% |
| Wed, May 24 | 1,695.00 | 1,700.35 | 0.31% |
| Tue, May 23 | 1,717.00 | 1,697.95 | -1.12% |
| Mon, May 22 | 1,713.10 | 1,718.35 | 0.31% |
| Fri, May 19 | 1,710.00 | 1,716.10 | 0.36% |
| Thu, May 18 | 1,729.30 | 1,705.70 | -1.38% |
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