Grasim Industries Q3 Results | Profit falls 8% to ₹236 crore, revenue up 3% at ₹6,400 crore

Aditya Birla group firm Grasim Industries Ltd on Thursday (February 8) reported an 8.2% year-on-year (YoY) decline in net profit at ₹236.3 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Grasim Industries posted a net profit of ₹257.4 crore, the company said in a regulatory filing. The company's revenue from operations increased 3.3% to ₹6,400.3 crore as against ₹6,195.6 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 9.6% to ₹522.6 crore in the third quarter of this fiscal over ₹477 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 8.2% in the reporting quarter as compared to 7.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.