Grasim Industries posts Q4 net profit at Rs 1,063 crore

Aditya Birla Group firm Grasim Industries on Friday reported a marginal increase in consolidated net profit at Rs 1,063.62 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 1,055.26 crore during the same period of the previous fiscal, Grasim Industries said in a BSE filing.

The revenue from operations during the quarter under review stood at Rs 11,140.21 crore as against Rs 10,566.36 crore in the year ago period.

"On the completion of the merger of Aditya Birla Nuvo with Grasim, the company is poised to enter into a new era of growth, given its leadership position in all its businesses post merger," Grasim Industries said in a statement. For the entire fiscal, the company reported a consolidated net profit at Rs 4,245.61 crore compared to Rs 3,454.74 crore in the 2015-16 fiscal. Revenue for the fiscal stood at Rs 41,194.95 crore. It was Rs 39,196.61 crore in the previous fiscal. The company's board has recommended a dividend of Rs 5.50 per share for the financial year 2016-17.

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Goldiam International ( Multibagger Stock - Beneficiary of Events in Jewellery Sector with Multiplying order book) BUY at CMP 85.7 - Targets - 125- 144 , Time Frame - 6 to 24 Months, SL - 61 TRIGGERS 1) Net Profits 4.28 cr vs 0.75 cr 500% Jump in Profit 2) Debt free company with Book Value Rs 157cr as on 18/01/2019 3) Government focus for Diamond and Jewellery Sector Goldiam International Limited is an India-based holding company, which operates as a manufacturer of diamond studded gold, platinum and silver jewelry. The principal business activities of the Company is manufacturing and exporting of studded gold and silver jewelry. The Company operates in two segments: jewellery manufacturing and investment activity. The Company's products include engagement rings, wedding bands, anniversary rings, bridal sets, fashion jewelry earrings and pendants, and fashion jewelry and necklace and earrings. The Company's subsidiaries i

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Balkrishna Industries Ltd's Q2FY19 standalone net profit rises 10% yoy to Rs222cr The company’s standalone revenue stood at Rs1,325cr, up 19% yoy Mumbai-based Balkrishna Industries is engaged in offering pneumatic tires. The company offers tires, tubes and tire flaps. It focuses on manufacture of a range of off-highway tires (OHT). These tires are mainly meant for agricultural, industrial and construction, earthmover and port, mining, forestry, lawn and garden and all-terrain vehicles (ATV). Its products include AGRIMAX RT 855, PL 801, EARTHMAX SR 41, EM 934, AGRIMAX TERIS and EARTHMAX SR 30, among others. The Tyre company reported 10% year-on-year (Y-o-Y) growth in its standalone net profit at Rs 2.22 billion in Q2FY19. It had a profit of Rs 2.03 billion in a year ago quarter. Operational revenue during the quarter under review grew 19% at Rs 13.25 billion over the previous year quarter. Other income rose four-fold at Rs 444 million from Rs 100 million

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