India's Grasim Industries' results for Q4 2015

India-based Grasim Industries has increased its net profit in the October-December quarter 2015 to INR 6.5 billion compared to from INR 3.34 billion (€45.42 million/US$49.20 million) in the same quarter in 2014. The company has recorded an increase in its total income in the quarter under review from INR 80.35 billion previously, to INR 90.44 billion. Grasim Industries has businesses in Viscose Staple Fibre (VSF), cement and chemicals. In fiscal year 2016-2017, the company says it will spend INR

February 3, 2016 Read time: 1 min

The company has recorded an increase in its total income in the quarter under review from INR 80.35 billion previously, to INR 90.44 billion.

Grasim Industries has businesses in Viscose Staple Fibre (VSF), cement and chemicals.

In fiscal year 2016-2017, the company says it will spend INR 40.55 billion (€551.46 million/US$597.29 million) on capital expenditure, against INR 25.9 billion in 2015-2016.

The Aditya Birla Group company will pour in INR 38 billion in its cement unit, 6846 Ultratech in 2016-2017.

It will also inject another INR 2.55 billion into its chemicals and VSF businesses in the coming fiscal year.

Quarry Products

For more information on companies in this article

Ultratech

Grasim Industries of India welcomes income rise

India-based cement, textiles and chemicals firm Grasim Industries (Aditya Birla Group) saw its year-on-year income rise 12.72% to INR 19.09 trillion (US$257.9bn) in the 1 April to 30 June 2019 period.

The company achieved a consolidated net profit of INR 17.86bn ($249.43mn) , up by 27.86%. UltraTech, Grasim Industries’ cement subsidiary, contributed INR 10.18tn ($143.15bn) in revenues, up by 14.35%.

A Scheme of Arrangement amongst Century Textiles and Industries Limited (Century), UltraTech and their

May 6, 2016

UltraTech Cement’s 9% net profit rise for year

January 12, 2015

Aditya Birla, India, to expand Gujarat production for INR 200 billion

January 12, 2016

Saudi Arabia: Qassim Cement net profit up 4.7% for Q4 2015

For the fourth-quarter ended 31 December 2015, Qassim Cement recorded a 4.69% increase in net profit to US$37.40 million (€34.24 million) from US$35.7 million in the year-ago quarter.

Gross profit for the quarter in review totalled US$42.3 million, up 0.83% compared to the US$41.8 million recorded in the year-ago quarter.

The increase was attributed to lower general and administrative expenses; higher sales volume, and value and higher other income.

Meanwhile, net profit for 2015 was up 4.05% year

September 25, 2015

Pakistan’s DG Khan Cement results

Pakistan-based Dera Ghazi Khan Cement (DG Khan Cement) has recorded an 11% rise in its net profit in the April to June quarter of 2015 from PKR 2.02 billion (€17.06 million/US$19.35 million) in the same quarter in 2014, to PKR 2.25 billion.

The cement maker has registered an increase in its earnings per share in the quarter under review from PKR 4.61 previously, to PKR 5.14.

February 10, 2016

JK Lakshmi Cement, India, swings to net loss

In the third quarter ended December 2015, India-based JK Lakshmi Cement improved its total income year-on-year from INR 5.63 billion (€74.27 million/US$82.89 million) to INR 6.64 billion.

owever, it swung from a net profit of INR 184.8 million to a net loss of INR 36.70 million.

The company reduced its losses at profit after tax (PAT) level from INR 149.5 million recorded in the July-September 2015 quarter to INR 36.7 million in the period under review.

It saw its loss at profit before tax (PBT) l