Grasim Industries’ shares rose 2.5% to a high of Rs 2,742.60 on the National Stock Exchange as soon as the markets opened. The surge in the stock prices came after the company reported its quarterly earnings for the last quarter of the financial year 2024-25. Its net loss has narrowed in the reporting quarter, along with a rise in revenue.
The flagship firm of the Aditya Birla Group recorded a net loss of Rs 288 crore in Q4 FY25, down from Rs 441 crore in the corresponding quarter of the last fiscal year. Its revenue from operations grew 32% year-on-year to Rs 8,926 crore.
On the operating front, the company’s performance lagged expectations. EBITDA came in at Rs 221 crore, down 58.1% from Rs 527 crore last year.
Grasim Industries declares dividend
The board of Grasim Industries announced a dividend of Rs 10 per equity share at a face value of Rs 2 each, which is applicable to both fully and partly paid-up shares. However, the dividend payout is subject to shareholder approval at the upcoming AGM.
Grasim Industries Q3 results
It posted a 40% drop in net profit Q3 FY25, coming in at Rs 899 crore, as against Rs 1,514.4 crore reported in the same period a year ago. Its revenue surged 8.8% to Rs 34,792.9 crore in Q3 FY25. The company’s consolidated Ebitda stood at Rs 4,668 crore, a fall of 9% YoY.
Grasim Industries said commercial production of its paints (Birla Opus) started at Chamarajanagar, Karnataka in November 2024. “Kharagpur (in West Bengal) trial run production is expected to commence in Q1FY26,” the company noted.
Garsim Industries’ share performance
In the last five days, Garsim Industries’ share price has fallen by over 5%. It has remained constant, neither moving up nor down, in the last one month. The stock price has risen by 2% in the previous six months and 9.4% in the past one year.