Wednesday, October 18, 2006

GRASIM, The Aditya Birla group company

Grasim, the flagship Company of the Aditya Birla Group, has posted excellent results for the quarter ended 30t

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September, 2006 on the back of superior performance from both its key businesses, viz., Cement and Viscose Staple Fibre (VSF). Turnover, Gross Profit and Net Profit have recorded a significant growth. Cement and VSF businesses continued to be the major business drivers.

Consolidated revenues at Rs.3,184 crores (Rs.2,344 crores) reflected an increase of 36%. Net Profit soared by 109% at Rs.418 crores (Rs.200 crores), in spite of a substantially higher provision for tax expense, which was up by 201% at Rs.207 crores (Rs.69 crores).

The three major factors that spurred performance are:

Firstly, growth in volumes; secondly, higher realisations; and thirdly, savings in operating costs resulting from ongoing modernization efforts, up-gradation of plants and energy optimization

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