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Regular-article-logo Saturday, 23 November 2024

Grasim net down 9.4%

Total income during the quarter under review fell 1.17 per cent to Rs 19,447.57 crore

PTI New Delhi Published 10.02.20, 09:40 PM
The profitability was impacted by the drop in domestic VSF (viscose staple fibre) prices on the back of weakening global prices, the company said in a statement.

The profitability was impacted by the drop in domestic VSF (viscose staple fibre) prices on the back of weakening global prices, the company said in a statement. (Shutterstock)

Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 9.39 per cent decline in consolidated net profit at Rs 1,039.91 crore for the third quarter ended December 2019 compared with Rs 1,147.80 crore a year ago.

Total income during the quarter under review fell 1.17 per cent to Rs 19,447.57 crore from Rs 19,678.76 crore in the year-ago period.

The profitability was impacted by the drop in domestic VSF (viscose staple fibre) prices on the back of weakening global prices, the company said in a statement.

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