Grasim Industries Ltd

Grasim Industries has repaid commercial paper of Rs 250 crore on maturity date of 15 April 2025. Powered by Capital Market - Live

Grasim Industries announced that the company's paint plant located at Mahad has commenced commercial production on 4 March 2025 with the following installed capacity: Water based paint - 180 MLPA; Distemper - 20 MLPA; Solvent based paint - 30 MLPA The company said, With the commencement of commercial production at our Mahad plant as mentioned above, 5 out of our total 6 green-field plants have commenced commercial production and our installed capacity of decorative paints sold under the brand 'Birla Opus' has reached 1,096 Million Litres Per Annum (MLPA). Powered by Capital Market - Live

The headline equity benchmarks traded with substantial losses in mid-morning trade as investors remained cautious following Trump's decision to impose a 25% tariff on steel and aluminum imports, with the possibility of additional trade measures. The market sentiment was further subdued by continued selling from foreign institutional investors (FIIs). The Nifty traded below the 23,300 level. Media shares witnessed selling pressure for the fourth consecutive trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, slipped 312.25 points or 0.41% to 76,990.39. The Nifty 50 index lost 113.95 points or 0.49% to 23,267.65. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 2.32%, and the S&P BSE Small-Cap index dropped 2.84%. The market breadth was weak. On the BSE, 637 shares rose and 3,114 shares fell. A total of 128 shares were unchanged. IPO Update: The initial public offer (IPO) of Ajax Engineering received bids for 49,04,382 shares as against 1,41,49,997 shares on offer, according to stock exchange data at 11:15 IST on 11 February 2024. The issue was subscribed to 0.35 times. The issue opened for bidding on 10 February 2024 and it will close on 12 February 2024. The price band of the IPO is fixed between Rs 599 and Rs 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof. Buzzing Index: The Nifty Media index fell 1.74% to 1,555.50. The index dropped 5.77% in four consecutive trading sessions. Saregama India (down 4.96%), Den Networks (down 3.49%), Dish TV India (down 3.14%), Zee Entertainment Enterprises (down 2.44%), Tips Music (down 2.01%), Network 18 Media & Investments (down 1.92%), Hathway Cable & Datacom (down 1.89%), Nazara Technologies (down 0.72%) and PVR Inox (down 0.66%) declined. Stocks in Spotlight: Grasim Industries rose 1.55% after the company's consolidated net profit zoomed 130.56% to Rs 898.96 crore on 3.66% rise in revenue from operations to Rs 34,792.85 in Q3 FY25 over Q2 FY25. Ashoka Buildcon declined 1.52%. The company's consolidated net profit surged 502% to Rs 661.5 crore in Q3 FY25 as against Rs 109.8 crore posted in Q3 FY24. Revenue from operations declined 10% to Rs 2,387.9 crore in Q3 FY25 over Q3 FY24. Global Markets: US Dow Jones index futures were down 62 points, suggesting a negative opening for US equities. Most Asian stocks traded lower on Tuesday as investors remained cautious over Donald Trump's latest tariff decisions. The U.S. President signed off on 25% tariffs on steel and aluminum imports, warning that more trade measures could follow. On Monday, Trump formalized the tariffs through executive orders, stating that there would be no exceptions. While major steel exporters like Canada, Mexico, and Brazil had previously enjoyed some quota-based exemptions, those privileges are now revoked. Trump hinted that tariffs on metals could go even higher and suggested he was considering duties on cars, semiconductors, and pharmaceuticals. He also proposed raising U.S. import tariffs to match the rates imposed by foreign countries on American goods. In the U.S., the S&P 500 closed higher on Monday as a tech-driven rally, led by Nvidia, offset worries about Trump's tariff threats. Investors also looked ahead to key economic data and Federal Reserve Chairman Jerome Powell's testimony later in the week. The Dow Jones Industrial Average rose 0.4%, the S&P 500 index gained 0.7%, and the NASDAQ Composite climbed 1%. Nvidia jumped 3%, leading the tech sector higher after analysts described the stock as a buying opportunity following its recent dip. The optimism comes ahead of the company's quarterly earnings report, set for release on February 26. Fed Chair Jerome Powell is expected to face tough questions on the potential economic impact of tariffs when he delivers his semiannual monetary policy testimony before Congress on Tuesday and Wednesday. Meanwhile, investors are closely watching U.S. consumer inflation data for January, scheduled for release on Wednesday. The report could influence the Fed's stance on interest rates and shape market expectations in the coming weeks. Powered by Capital Market - Live

Net profit of Grasim Industries declined 40.64% to Rs 898.97 crore in the quarter ended December 2024 as against Rs 1514.44 crore during the previous quarter ended December 2023. Sales rose 8.85% to Rs 34792.85 crore in the quarter ended December 2024 as against Rs 31965.48 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales34792.8531965.48 9 OPM %19.5321.56 - PBDT3980.024716.17 -16 PBT2448.443471.74 -29 NP898.971514.44 -41 Powered by Capital Market - Live

Grasim Industries will hold a meeting of the Board of Directors of the Company on 10 February 2025.Powered by Capital Market - Live

According to the company's exchange filing, the affected workers received immediate medical treatment at a local hospital and are expected to recover fully. In response to the incident, all emergency protocol measures were initiated. The company has suspended operations at the plant pending an internal investigation. Operations are expected to resume once cleared by the relevant regulatory authorities. Grasim Industries stated that it does not anticipate any material impact on the financials of the company due to the said incident. Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company has recently entered the paints business and is setting up six plants across pan-India locations. The company's consolidated net profit to Rs 389.90 crore in Q2 FY25 as compared with Rs 1,163.75 crore posted in Q2 FY24. Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25. Powered by Capital Market - Live

Grasim Industries has repaid commercial paper aggregating Rs 500 crore on 10 January 2025 (maturity date). Powered by Capital Market - Live

Grasim Industries has allotted 2,00,000 7.21% Fully Paid, Unsecured, Listed, Rated, Redeemable, Rupee Denominated, Non-Convertible Debentures of face value of Rs 1,00,000/- each (7.21% GIL 2034, Series I) aggregating to Rs 2,000 crore, on private placement basis. Powered by Capital Market - Live

Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan India locations. The company's consolidated net profit to Rs 389.90 crore in Q2 FY25 as compared with Rs 1,163.75 crore posted in Q2 FY24. Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25, driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses. The counter declined 0.58% to Rs 2,655 on the BSE. Powered by Capital Market - Live

Grasim Industries has repaid commercial paper aggregating Rs 500 crore on 10 December 2024. Powered by Capital Market - Live