Grasim reports excellent results for Q4FY11

1st June, 2011

11 May 2011

Grasim reports excellent results for Q4FY11

Click here to view the results

  Rs. in crore
Consolidated net revenue 6,502 19%
Consolidated net profit 865 32%
Capex under implementation  
  VSF and allied chemicals 3,400

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 ended Twelve months ended
31.03.11 31.03.10 % Change 31.03.11 31.03.10 % Change
Net revenue 6,502 5,474 19 21,585 20,195 7
PBIDT 1,782 1,500 19 5,397 6,322 (15)
Net profit(before extraordinary item) 865 654 32 2,265 2,759 (18)
Adjustment:            
Idea Cellular $   (14)     (14)  
Minority Interest related to UltraTech $$       132    
Comparable Net Profit 865 640 35 2,397 2,745 (13)
$ The results of Idea Cellular Ltd. for Q4FY11 are yet to be adopted by Idea, hence they are not consolidated and are accordingly adjusted in Q4FY10 for the purpose of comparison.
$$ Increase in minority interest due to direct participation of Grasim shareholder in Samruddhi/ UltraTech on cement business restructuring, added back in FY11 for comparison.

Dividend
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:

  Q4FY11 Q4FY10 % Change FY 2011 FY 2010 % Change
Production              
Viscose Staple Fibre M.T. 82,932 81,081 2 305,087 302,092 1
Cement (Consolidated)* Mn M.T. 11.07 10.24 8 39.67 37.02 7
White Cement M.T. 151,478 138,893 9 540,844 514,291 5
Sales Volumes