Grasim Q3 net up 184% to Rs 555cr

Grasim Industries today reported a 184% increase in consolidated net profit at Rs 555.39 crore for the third quarter ended December 31, 2006 when compared with Rs 195.34 crore in Q3FY06.

According to a release issued to the BSE today, total income increased to Rs 3,752.83 crore from Rs 2,550.04 crore in Q3FY06.

The company, on a stand-alone basis, posted a net profit of Rs 411.58 crore for the quarter ended December 31, 2006 as against Rs 161.87 crore for the quarter ended December 31, 2005. Total Income increased to Rs 2,323.78 crore from Rs 1,675.33 crore in for the quarter ended December 31, 2005.