InvestorQ : Should I buy Grasim after the latest results announced for Mar-20 quarter?
Ria Jain made post

Should I buy Grasim after the latest results announced for Mar-20 quarter?

Answer
user profile image
Anu Biswas answered.
3 months ago


Grasim Industries, which is a flagship company of the Aditya Birla Group, reported 32% growth in net profits of Rs.1506 crore for the Mar-20 quarter. Revenue for the quarter were also up by nearly 15% at Rs.22,431 crore for the Mar-20 quarter. For the full fiscal year 2019-20, Grasim reported sales revenues of Rs.77,625 crore and net profits of Rs.4425 crore. During the year, Grasim focused largely on efficient operations and working capital management. As a result, Grasim was able to generated net cash flow from operations of Rs.3519 crore on a standalone basis despite the pressures of COVID-19 and the consequent lockdowns. Currently, Grasim is executing total capex plan of Rs.7800 crore with a view to raising capacities in both the viscose fibre and chemicals. Grasim is the holding company with stakes in diverse businesses and has a diverse product portfolio consisting of cement, financial services, viscose and chemicals.