Grasim Industries has announced impressive results led by robust volume growth in all its businesses viz. VSF, Chemical and Cement. For the current quarter, consolidated revenue rose by 13 per cent at Rs.10,001 crore and EBITDA at Rs. 2,059 crore was higher by 24 per cent. Net profit (before EI) grew by 40 per cent to Rs.724 crore (Q4 last year: Rs.516 crore). For the full year, consolidated revenue was higher by 12 per cent to Rs. 36,637 crore. Consolidated EBITDA was up by 24 per cent at Rs. 7,025 crore and Net profit increased to Rs.2,387 crore compared to Rs.1,753 crore last year.
The Board approved Rs. 513 crore for brownfield expansion of Caustic soda capacity at Vilayat plant from 219K TPA to 363K TPA along with a Captive Power plant of 44 MW. The expansion is expected to be completed in around 24 month’s time. On completion of the proposed expansion and debottlenecking of capacity at various plants, Caustic capacity will increase from 804K TPA currently to 1,048K TPA.