- Grasim reports a net loss of 4.40 billion rupees, against a previous year profit of 935.1 million rupees. The estimate was a profit of 1.59 billion rupees.
- The company’s revenue rose by 1.8% year-on-year (y/y) to 67.7 billion rupees, surpassing the estimated revenue of 63.56 billion rupees.
- Total costs slightly increased by 1.1% y/y to 67 billion rupees.
- There was a significant reduction in raw material costs, dropping 7.6% y/y to 30.03 billion rupees.
- Other income nearly doubled from the previous year, reaching 2.6 billion rupees compared to 1.16 billion rupees.
- A dividend per share of 10 rupees was released.
- The company’s performance received a mixed response from analysts with 7 buys, 2 holds and 1 sell.
A look at Grasim Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Grasim Industries Limited, a key player in the Aditya Birla group, exhibits a promising long-term outlook according to the Smartkarma Smart Scores. With a strong emphasis on value and momentum, Grasim Industries excels in providing value to its investors while maintaining positive growth trends. The company’s notable resilience and consistent dividends further enhance its attractiveness. Grasim’s diversified operations in VSF, cement, chemicals, and textiles underline its robust business model and potential for sustainable growth in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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