Home > Business > PTI > Report

Grasim FY04 consolidated net surges 131%

April 28, 2004 16:15 IST

Grasim Industries group has posted a 131.29 per cent rise in consolidated net profit at Rs 738.26 crore (Rs 7.38 billion) for the fiscal ended March 31, 2004, compared to Rs 319.18 crore (Rs 3.19 billion) in the previous year.

The board of the company has recommended a dividend of Rs 14 per share for 2003-04, a Grasim release said on Wednesday.

Total income on a consolidated basis also increased from Rs 5,028.96 crore (Rs 50.29 billion) in FY03 to Rs 5,707.97 crore (Rs 57.08 billion) in FY04.

On a standalone basis, the Aditya Birla group flagship company has posted a higher net profit at Rs 779.26 crore (Rs 7.79 billion) in FY04 [Rs 367.58 crore (Rs 3.67 billion) in FY03] on a total income of Rs 5,413.61 crore (Rs 54.14 billion) [Rs 4,739.18 crore (Rs 47.39 billion) in FY03].

For the fourth quarter ended March, net profit and total income rose to Rs 282.07 crore (Rs 2.82 billion) and Rs 1,625.27 crore (Rs 16.25 billion), respectively.


Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article




People Who Read This Also Read


HPCL plans Rs 500 cr investment








© Copyright 2004 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2004 rediff.com India Limited. All Rights Reserved.