Grasim Industries Limited introduced its July-September sector outcomes on November 12 with wholesome double-digit increase in each the topline and bottomline.

The flagship business enterprise of world conglomerate, Aditya Birla Group stated a consolidated income after tax (PAT) of Rs 1,359, growing with the aid of using 41% from a PAT of Rs 966 crore stated withinside the corresponding sector final yr. Sequentially, internet income turned into down 18% in opposition to Rs 1,667 crore stated withinside the preceding sector.

The consolidated sales from operations climbed 26% to Rs 22,564 crore in opposition to Rs 17,950 crore recorded withinside the corresponding sector final yr. On a q-o-q basis, sales are up 13%.

“The call for momentum picked up in Q2FY22 and has persevered thereafter throughout all groups. Backed with the aid of using sturdy call for, realisation and volumes have progressed in key groups, offsetting the price growth”, the business enterprise stated.

Sales extent of key groups touched pre-covid levels, it added.

Business Performance

The business enterprise’s Viscose commercial enterprise stated sturdy operational and monetary overall performance buoyed with the aid of using sturdy call for.

The commercial enterprise witnessed a y-o-y increase of 79% in sales which stood at Rs 3,half crore for the sector as compared to Rs 1,679 crore withinside the identical duration final yr. On a sequential basis, the commercial enterprise witnessed an development of 43% in sales.

Viscose commercial enterprise EBITDA jumped 201% y-o-y to Rs 580 crore from Rs 193 stated final yr. On a q-o-q basis, the EBITDA progressed with the aid of using 19%.

“Improved product mix (Value Added Product income up 112% y-o-y) and better income extent (up 18% y-o-y) brought about an development in EBITDA for VSF commercial enterprise notwithstanding escalation in enter costs, the business enterprise stated.

The chemical compounds commercial enterprise of the business enterprise additionally witnessed sturdy overall performance as sales grew 44 % y-o-y and 13% q-o-q to Rs. 1,627 crore. The segment’s EBITDA jumped 24% y-o-y however declined 16% q-o-q to Rs. 232 crore.

The home call for for caustic soda turned into pushed with the aid of using fabric and pulp & paper sector.

“While chlorine realisation grew to become marginally bad for the sector because of susceptible end-merchandise call for, caustic soda fees in India recovered from multi-sector lows”, stated the business enterprise.

Caustic soda fees have been supported with the aid of using recuperation in call for, tightness in deliver led with the aid of using manufacturing losses and better export income pushed with the aid of using higher export realization, the business enterprise added.

The ability utilisation of Caustic soda commercial enterprise progressed in Q2FY22 to 86%.

It can be stated that the business enterprise’s cement commercial enterprise (Ultratech) had stated an 8% growth in income extent to 21.sixty four MT with sales enhancing 165% y-o-y to Rs 12,017 crore. EBITDA for the commercial enterprise had progressed marginally with the aid of using 1% y-o-y to Rs 2,855 crore.

The monetary offerings commercial enterprise of the business enterprise additionally witnessed sturdy increase on this sector. Consolidated sales and internet income after minority hobby are up 22% y-o-y and 43% y-o-y to Rs five,593 crore and Rs 377 crore, respectively.

The business enterprise stated a consolidated EBITDA of Rs 4,282 crore, increase of 19% y-o-y from Rs 3,603 crore stated final yr. However, the EBITDA margins withinside the sector declined marginally with the aid of using 1% y-o-y to 19%

For its foray into paints commercial enterprise, the business enterprise has incurred a capex of Rs 267 crore withinside the first 1/2 of of this monetary yr and has obtained land parcels at five places throughout the country. The assignment is at superior ranges of gaining environmental clearances, presented simple and designated engineering contracts for all webweb sites and ordering of main gadget is below progress.

The inventory closed at Rs 1,858.forty five today, up Rs 14.1 from its preceding close. The inventory has generated returns of 124% withinside the beyond 12 months and is buying and selling up with the aid of using 100% on this monetary yr. In the beyond one month, the inventory has moved up 13%.