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As On 08-Jul-2020 EOD, Market Closed
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  • Grasim ends lower after Q2 results

    Grasim Industries announced its Q2 2019 earnings during market hours today.

    On a consolidated basis, Grasim Industries reported a net profit of Rs 1002 crore in Q2 September 2019 as against a net loss of Rs 1468 crore in Q2 September 2018. Net revenue rose 3% to Rs 18,430 crore while EBITDA increased by 7% to Rs 3,180 crore in Q2 September 2019 over Q2 September 2018.

    Profit was driven by superior performance of the company's subsidiaries, UltraTech Cement and Aditya Birla Capital.

    On standalone basis, the company reported a net profit of Rs 526.49 crore in Q2 2019 as against a net loss of Rs 1,186.66 crore in Q2 2018. Revenue from operations declined 6.3% to Rs 4,797.44 crore in Q2 September 2019 as against Q2 September 2018.

    The company reported an exceptional loss of Rs 2283.35 crore in Q2 September 2018 due to investments made in Vodafone Idea.

    At the standalone level, Q2 September 2019 profitability was impacted due to global weakening in prices of VSF and caustic soda.

    Shares of Grasim Industries closed 0.64% lower at Rs 734.3 on BSE. Meanwhile, the Nifty 50 index closed 0.25% higher at 11,870.45.

    Grasim Industries has a leadership positions in cement, viscose staple fibre, financial services and chemicals businesses.

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Flash News 08-Jul-2020
  •  ( 16:15) Market breaks 5-day winning streak; IT shares drag  
  •  ( 15:03) NCC bags five orders worth Rs 1,396 cr in June 2020 from State Govts.  
  •  ( 14:35) Kolkata-based Jwalamukhi Investment Holdings sold 2.206% stake in CEAT  
  •  ( 13:10) NBCC (India) June 2020 total business secured stands at Rs 431.63 cr  
  •  ( 12:33) BEML closes its loss-making subsidiary, M/s Vignyan Industries, Tarikere  
  •  ( 12:06) Ramco Systems hits the roof after fresh order win  
  •  ( 11:47) Steel Strips Wheels on the roll after fresh export orders  
  •  ( 11:32) Most Asian markets advance  
  •  ( 11:31) Market breadth in favour of buyers  
  •  ( 11:30) Sensex, Nifty trade flat  
  •  ( 11:17) Lupin voluntarily recalls type 2 diabetes drug in US  
  •  ( 11:15) NCL Inds Q1 cement production drops 16% to 4,65,178 metric tonne  
  •  ( 11:09) Maruti Suzuki's total production drops 55% to 50,742 units in June 2020  
  •  ( 10:58) Groupe ADP completes 2nd investment tranche in GMR Infra.'s airport business  
  •  ( 10:31) PSU Banks in demand  
  •  ( 10:30) Sensex, Nifty at the low point of the day  
  •  ( 09:57) Bharti Airtel forms strategic alliance with ZEE5 to unviel new schemes for users  
  •  ( 09:26) Facebook gets allotted 9.99% stake Reliance Industries-owned Jio Platforms  
  •  ( 09:25) Strong market breadth  
  •  ( 09:19) Stocks nudge higher in early trade  
  •  ( 08:04) Wall Street drops as COVID-19 cases mount  
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08 July 2020 00:00
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