Grasim shares in focus after Q2 PAT declines 66% YoY
Grasim Industries will be in focus in Monday's trade after the company reported a 66% fall in its consolidated net profit at Rs 389 crore in the second quarter.
The company earned a revenue of Rs 33,563 crore for Q2FY25, up 11% YoY, driven by strong performance from its diversified business portfolio.
Its consolidated EBITDA stood at Rs 4,042 crore, while EBITDA margins were down to 17.9% due to narrow profit margins in the cement business and the upfront investments required to establish the consumer-facing paints business.
The CSF business achieved its highest-ever quarterly sales volume at 219 KT, up 4% YoY. The CFY business recorded a growth of 6% YoY, driven by festive demand. However, realizations remain under pressure due to low-priced imports from Chinese producers.
The chemicals business revenue stood at Rs. 2,054 crores, up 3% YoY and EBITDA up by 16% YoY due to the increased profits in chlorine derivatives and specialty chemicals.
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