The result was announced on Saturday, 4 May 2013.
Meanwhile, the BSE Sensex was up 16.24 points, or 0.08%, to 19,591.88.
On BSE, 682 shares were traded in the counter as against an average daily volume of 6,648 shares in the past one quarter.
The stock hit a high of Rs 2,944 and a low of Rs 2,905 so far during the day. The stock had hit a 52-week high of Rs 3,511 on 17 October 2012. The stock had hit a 52-week low of Rs 2,216 on 4 June 2012.
The stock had outperformed the market over the past one month till 3 May 2013, rising 6.59% compared with the Sensex's 4.12% rise. The scrip had, however, underperformed the market in past one quarter, sliding 1.92% as against Sensex's 1.04% fall.
The large-cap company has an equity capital of Rs 91.78 crore. Face value per share is Rs 10.
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Grasim Industries' profit before interest, depreciation and taxes (PBIDT) fell 5% to Rs 1786 crore in Q4 March 2013 over Q4 March 2012. Despite record volumes, profitability of the viscose staple fibre (VSF) business was adversely affected by decline in realization, Grasim said. The company said profits of the cement business were adversely affected due to lower volumes and higher logistics costs. Cement and VSF are the two key businesses of Grasim. The company's exposure to the cement business is through its subsidiary UltraTech Cement.
Consolidated net profit rose 2% to Rs 2704 crore on 11% increase in net revenue to Rs 25245 crore in the year ended March 2013 (FY13) over the year ended March 2012 (FY12).
PBIDT rose 4% to Rs 6543 crore in FY13 over FY12 led by improved volumes in its viscose staple fibre (VSF) business and cost optimization. The board of Grasim has recommended a dividend of Rs 22.50 per share, same as last year.
Grasim said that given the prevailing global economic conditions, coupled with the surplus capacity in China, the VSF industry is expected to remain under pressure in the short term. With regard to the outlook on the cement business, Grasim said that cement demand in India is expected to grow by an average 8% in the long term with housing, infrastructure and allied spending being the key value drivers. The capacity utilization of the cement industry is likely to improve to 80% in FY 2016 as the pace of capacity addition will slow down, Grasim said. Cost pressures are easing off with the decline in global commodity prices, particularly energy, the company said.
Capacity expansions in VSF and capacities under implementation/unutilized in cement will provide additional volumes, driving growth and further consolidation of the company's leadership, Grasim said. The company will utilise these capacities at the earliest in the present difficult situation, Grasim said. The company will continue to focus on cost reduction measures, improving asset productivity to maintain its position as the lowest costs producer and expanding specialty products portfolio for sustained shareholder value creation, Grasim said.
In a separate announcement, Grasim Industries said that it commissioned its 1,82,500 tonnes per annum caustic soda plant at Vilayat (Gujarat).
Grasim Industries is a flagship company of Aditya Birla Group. Grasim's businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement.
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