Grasim's Standalone Profit Nearly Triples as Revenue Hits a Record
Grasim's standalone Q2 profit nearly tripled and revenue set a quarterly record, but consolidated results swung to a loss on an impairment charge.
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what happened
Grasim Industries reported that its standalone net profit for the second quarter almost tripled, reaching 2,306 crore. Revenue climbed 33% year on year to an all-time quarterly high of 12,747 crore, covering the period through September 30. Much of the earnings jump came from a 3,968 crore dividend received from UltraTech Cement, which the company books as cash income in its standalone accounts.
On a consolidated basis, the company posted a loss of 234.08 crore, compared with a profit of 594.52 crore a year earlier. The result was weighed down by a 767 crore exceptional charge for impairment and estimated exposure linked to AV Group NB, a pulp joint venture in Canada. Consolidated revenue rose 26% to 50,105 crore, and consolidated EBITDA grew 25% to 6,513 crore. Source: Moody's.
why it matters
The gap between the two sets of numbers matters for investors. Because the UltraTech dividend is eliminated on consolidation, standalone profit paints a rosier picture than the group-level loss. In cellulosic fibres, revenue rose 29% to 5,344 crore and EBITDA climbed 49% to 522 crore.
market impact
Grasim shares: strong standalone profit against a consolidated loss gives a mixed signal
- Grasim shares mixed — standalone profit is lifted by UltraTech dividends, while the impairment charge drags on the consolidated result
tags
instruments
sources
- Grasim Profit Triples on Record-High Revenues — Moody's, 14 November 2026 at 04:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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