Grasim Q4 net profit at Rs 507 cr

Aditya Birla Group firm Grasim Industries on Saturday reported a consolidated net profit of Rs 506.68 crore for the fourth quarter ended March.

The company had posted a net profit of Rs 679.27 crore a year ago. Net sales stood at Rs 8,706.41 crore for the quarter under review whereas the same was at Rs 8,245.45 crore in the year-ago period, said Grasim Industries.

For the full year ended March 31, the company posted a net profit of Rs 1,743.80 crore against Rs 2,071.54 crore for 2013-14. Net sales came in at Rs 32,437.63 crore for 2014-15, compared with Rs 29,003.74 crore for the year to March-end 2014.

"Financial results of UltraTech Cement, a subsidiary, for the year ended March 31, 2015, include results of acquired cement units in Gujarat from Jaypee Cement Corp. with effect from June 12, 2014. As a result, figures for the quarter and year ended March 31, 2015, are strictly not comparable with previous periods," it added.

The company's board, which met today, recommended a dividend of Rs 18 per share for 2014-15.