Grasim Industries’ Q1FY25 Results
Grasim Industries’ revenue increased 9% YoY
- 13 Aug 2024
- Grasim Industries reported a 10% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 9%.
- Its expenses for the quarter were down by 7% QoQ and up 12% YoY.
- The net profit decreased 17% QoQ and 12% YoY.
- The earnings per share (EPS) of Grasim Industries stood at 18.1 during Q1FY25.
Grasim Industries’ Financial Statements for Q1FY25:
| (₹ crores) | Q1FY24 |mobile_heder | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 31,361 | 38,154 | 34,161 | -10% | 9% |
Total expenses | 27,923 | 33,750 | 31,249 | -7% | 12% |
Profit before tax | 3,438 | 3,928 | 2,976 | -24% | -13% |
Tax | 862 | 1,207 | 708 | -41% | -18% |
Profit after tax | 2,576 | 2,722 | 2,268 | -17% | -12% |
Earnings per share | 23.9 | 20.7 | 18.1 |
Financials:
- Net Profit: ₹2,267.74 crores, down 12.0% YoY from ₹2,576.35 crores in Q1FY24.
- Revenue: Grasim Industries' consolidated revenue grew by 9% YoY to ₹34,161 crores but declined by 10% QoQ.
- Expenses: Total expenses were ₹31,249 crores, up 12% YoY but down 7% QoQ.
- Net Profit: ₹2,268 crores, down 12% YoY from ₹2,576 crores in Q1FY24.
- Earnings Per Share (EPS): EPS for Q1FY25 was ₹18.1, compared to ₹23.9 in Q1FY24.
- EBITDA: Declined by 4% YoY to ₹4,760 crores
Key Highlights:
Cellulosic Fibres (CSF and CFY)
- China CSF Prices: Improved sequentially by 4% to $1.64/kg, but down 2% YoY.
- Operating Rates & Inventory: China operating rates were stable at ~82%; inventory levels at 12 days.
- CSF Sales Volume: Reached highest-ever quarterly sales at 212 KT, up 14% YoY.
- CFY Business: Reported marginal volume growth of 2% YoY due to subdued demand.
- Revenue: ₹3,787 crores, up 6% YoY; Segment EBITDA grew 4% YoY to ₹405 crores.
Chemicals (Chlor-Alkali, Chlorine Derivatives, Speciality Chemicals)
- International Caustic Soda Prices: Average spot prices at $469/ton in Q1FY25, up 13% YoY and 4% QoQ.
- Revenue: ₹2,066 crores, down 4% YoY and 1% QoQ.
- Speciality Chemicals: Revenue mix improved to 30% from 25% in Q1FY24.
- Segment EBITDA: ₹310 crores, up 59% QoQ but down 13% YoY.
Building Materials (Cement, Paints, B2B E-Commerce)
- Revenue: ₹18,701 crores, up 11% YoY.
- Cement Sales Volumes: Grew by 7% YoY to 31.95 MT; Ready-mix concrete sales grew by 22% YoY.
- UltraTech Cement: Expanded grey cement capacity to 154.9 million TPA; Approved purchase of 32.72% equity stake in India Cements Limited.
- Paints Business (Birla Opus): Ramped up production, launched media campaign, opened operational flagship store in Mumbai.
- B2B E-Commerce (Birla Pivot): Achieved quarterly run-rate revenue of ₹550 crores, expanding geographical reach.
Financial Services (Aditya Birla Capital)
- Revenue: ₹8,807 crores, up 25% YoY; EBITDA grew 17% YoY to ₹1,058 crores.
- Lending Portfolio: Increased by 27% YoY to ₹1,27,705 crores.
- Total AUM: Grew by 20% YoY to ₹4,62,891 crores.
- D2C Platform (ABCD): Strong response with 8 lakh registrations in Q1FY25.
Other Businesses (Textiles, Renewables, Insulators)
- Revenue: ₹798 crores, up 6% YoY.
- EBITDA: ₹109 crores, down 16% YoY.
- Renewables: Installed capacity increased to 946 MW, up 6% from Mar’24.
Data Source: BSE, Company announcements
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