Grasim Q1 net profit up 110% at Rs 1,080 cr
Grasim has announced its first quarter FY09 results. The company's net profit was up 110% at Rs 1,080 crore versus Rs 514.2 crore. This includes gain of Rs 336 crore from sponge iron sale.
Its net sales were at Rs 5080 crore versus Rs 4395 crore.
According to estimates, the company's standalone PAT (profit after tax) was seen going up 3% at Rs 530.2 crore from Rs 514.19 crore. Standalone revenues were expected to go up 12% at Rs 2,894.3 crore versus Rs 2,592.33 crore.
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