Grasim reports excellent results for Q4FY11

1st June, 2011

11 May 2011

Grasim reports excellent results for Q4FY11

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 Rs. in crore
Consolidated net revenue6,502 19%
Consolidated net profit865 32%
Capex under implementation 
 VSF and allied chemicals3,400

Consolidated financial performance:
Grasim Industries Limited, an Aditya Birla Group Company, today announced excellent results for the 4th quarter ended 31st March 2011 with the highest-ever quarterly profit. The improved performance from VSF business whose quarterly sales were the highest during the year was a major driver. Cement business has also reported improved performance.

 Rs. in crore
Quarter endedTwelve months ended
31.03.1131.03.10% Change31.03.1131.03.10% Change
Net revenue6,5025,4741921,58520,1957
Net profit(before extraordinary item)865654322,2652,759(18)
Idea Cellular $ (14)  (14) 
Minority Interest related to UltraTech $$   132  
Comparable Net Profit865640352,3972,745(13)
$ The results of Idea Cellular Ltd. for Q4FY11 are yet to be adopted by Idea, hence they are not consolidated and are accordingly adjusted in Q4FY10 for the purpose of comparison.
$$ Increase in minority interest due to direct participation of Grasim shareholder in Samruddhi/ UltraTech on cement business restructuring, added back in FY11 for comparison.

The Board of Directors of Grasim has recommended a dividend of Rs. 20 per share. The total outflow on account of the dividend would be Rs. 197 crores (Including the corporate tax on dividend).

Production and Sales Volumes:

 Q4FY11Q4FY10% ChangeFY 2011FY 2010% Change
Viscose Staple FibreM.T.82,93281,0812305,087302,0921
Cement (Consolidated)*Mn M.T.11.0710.24839.6737.027
White CementM.T.151,478138,8939540,844514,2915
Sales Volumes