INSUBCONTINENT EXCLUSIVE:
EBITDA leapt by 52 per cent to Rs 4,476 crore from Rs 2,945 crore.Aditya Birla Group's flagship company Grasim Industries on Friday reported
a consolidated revenue after tax (PAT) of Rs 1,384 crore in the 3rd quarter ended December (Q3 FY21)-- clocking a development of 103 per
cent from Rs 680 crore in Q3 FY19.Consolidated earnings for the quarter was up 13 percent to Rs 20,986 crore from Rs 18,617 crore in the
exact same period last year while consolidated profits before interest, tax, devaluation and amortisation (EBITDA) jumped by 52 per cent to
Rs 4,476 crore from Rs 2,945 crore.The varied company said that the government's far-sightedness in offering prompt stimulus in the
consequences of Covid-19 provided support to multiple sectors resulting in a broad-based economic recovery
The recovery in the demand has actually been sped up by greater customer self-confidence on the back of launch of vaccination program across
the world, it said.The cement subsidiary-- UltraTech Cement Ltd-- had consolidated income at Rs 12,254 crore, EBITDA of Rs 3,362 crore and
earnings after tax of Rs 1,584 crore for Q3 FY21.The UltraTech board has approved Rs 5,477 crore towards capacity expansion of 12.8 million
tonnes per year through a mix of greenfield and brownfield expansion.The monetary services subsidiary Aditya Birla Capital posted 17 percent
walking in consolidated earnings for the quarter at Rs 5,026 crore
PAT grew by 16 percent to Rs 289 crore, the greatest ever reported so far.Grasim stated that net revenue for the viscose segment stood at Rs
2,145 crore in Q3 FY21 and EBITDA at Rs 482 crore improved significantly on the back of higher sales volumes, better product mix and lower
cost even though the realisations were lower.Similar to all commodities, pulp rates have actually also firmed up and are most likely to
increase further going forward.Net revenue for the chemical business in Q3 FY21 stood at Rs 1,281 crore and EBITDA at Rs 177 crore-- close
to pre-Covid levels.The board of directors has actually already approved a venture into the paints organization with preliminary capital
expenditure of Rs 5,000 crore over the next three years.The company says that this sector is likely to be worth accretive to its
The entry of Grasim in paints sector will provide a broad choice to Indian customers as the business prepares to introduce the most recent
range of paint products in line with global megatrends
