Grasim consolidated FY07 net soars 89%

Grasim Industries has posted a whopping 89% increase in consolidated net profit (after minority share) at Rs 1,967.5 crore for the year ended March 31, 2007 (FY07) as compared to Rs 1,040.64 crore in FY06. Total income has also increased at Rs 1,4412.89 crore from Rs 10491.91 crore in FY06.

According to the release issued by the company to BSE today, the company posted a 60% increase in consolidated net profit (after minority share) at Rs 558.53 crore for the quarter ended March 31, 2007 (Q4FY07) as against Rs 348.8 crore in Q4FY06. Total income for the quater rose to Rs 4,185.2 crore from Rs 2,993.46 crore in Q4FY06.

On a standalone basis, Grasim posted a net profit of Rs 1,535.81 crore FY07 as compared to Rs 863.21 crore in FY06. Total income increased to to Rs 8,885.35 crore from Rs 6872.55 crore in FY06.

The company has posted a standalone net profit of Rs 474.49 crore in Q4FY07 as compared to Rs 262.74 crore Q4FY06. During the quater, total income increased to Rs 2,571.33 crore from Rs 1,887.29 crore Q4FY06.