On a consolidated basis, Grasim Industries net profit jumped 14% to Rs 1,715 crore on 26% increase in revenue from operations to Rs 24,398.92 crore in Q4 March 2021 over Q4 March 2020.
Last year, the PAT (after extraordinary items) included reversal of deferred tax liability. Exceptional items during the quarter stood at Rs 62.08 crore as compared to Rs 1,286.52 crore in Q4 FY20.
Profit before tax jumped 133% to Rs 3,726 crore in Q4 FY21 over Q4 FY20. EBITDA grew 62% to Rs 5,142 crore in Q4 FY21 over Q4 FY20.
During the financial year, the company s consolidated net profit fell 2.42% to Rs 4,304.82 crore on 1.67% rise in revenue from operations to Rs 76,397.81 crore in FY 2021 over FY 2020.
Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.
Shares of Grasim Industries rallied 4.06% in two trading sessions from a recent closing low of Rs 1,338.90 on Friday, 5 March 2021.
On the technical front, the stock s RSI (relative strength index) stood at 75.892. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day moving average (DMA) placed at 1134.20 and its 200-day moving average (DMA) placed at 822.10.
Grasim Industries posted 103% jump in consolidated net profit to Rs 1,384 crore on 13% rise in revenue from operations to Rs 20,986 crore in Q3 FY21 over Q3 FY20.
Read more about Grasim Ind rises over 4% in two sessions on Business Standard. Grasim Industries advanced 3.62% to Rs 1,393.35 on BSE, extending gains for the second consecutive session.
Read more about Grasim board approves fund raising plan on Business Standard. Grasim Industries said that the Finance Committee of the board of directors of the company has approved issue of non-convertible debentures (NCDs) on private placement basis, for an amount not exceeding Rs 500 crore, in one or more tranches.