InvestorQ : How do you see the Grasim numbers for Jun-20 quarter?
vaishnavi mhatre made post

How do you see the Grasim numbers for Jun-20 quarter?

vidhya Laxmi answered.
12 months ago

Over the last few years, Grasim has largely emerged as a holding company of the various businesses of the Aditya Birla Group, although it still have a viscose staple fibre or VSF business and a chemicals business still in its operating books.

For the Jun-20 quarter. Grasim reported 67% fall in net profits to Rs.621 crore on the back of most of its businesses being hit by the slowdown. Total revenues from operations also fell by 32% to Rs.13,621 crore for the recently concluded June quarter.

This fall in profit was clearly an outcome of the prolonged lockdown across large swathes of India. This is still on in many places and that is leading to compression in demand as well as a major supply chain disruption for the key businesses of the Grasim group.

Other than VSF business, rest of the Grasim business comes as a holding company to businesses ranging from metals, cement and financial services. Marquee companies like Hindalco, Ultratech and Aditya Birla Finance all come under the Grasim banner.