*Grasim Industries* announced a fall of 36.26% in consolidated net profit to Rs 4,595.50 million for the quarter ended Dec 31, 2008 as compared to Rs 7,209.90 million for the quarter ended Dec. 31, 2007.
The consolidated net sales rose by 6.27% to Rs 45,878.6 million for the quarter ended December 31, 2008 as compared to Rs 43,171.8 million for the quarter ended Dec. 31, 2007. The company reported a phenomenal drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 40.49% to Rs 3,295.60 million from Rs 5,537.90 million in the same quarter previous year. Net sales for the quarter rose marginally 2.29% to Rs 26,900.50 million, while total income for the quarter rose marginally 1.45% to Rs 27,341.20 million, when compared with the prior year period. The company reported earnings of Rs 35.94 a share during the quarter, registering 40.50% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 26,900.50 26,299.30 2.29 *Net Profit* 3,295.60 5,537.90 (40.49) *Basic EPS* 35.94 60.40 (40.50) During the quarter, the operating margin of the company dropped to 19.93% compared with 32.71% in the previous year period. Interest cost increased 89.62% to Rs 443.90 million while depreciation cost rose 38.46% to Rs 1,197.70 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
