Q2FY22 Quarterly Result Announced for Grasim Industries Ltd.
Highlights: Strong performance in Q1FY22; Consolidated PAT up ~6x YoY Consolidated EBITDA up 86% YoY at Rs 4,736 Cr. Advanced Materials (Epoxy) business has delivered record performance VSF business achieves landmark EU Best Available Technology (“EU BAT”) compliance at Vilayat facility Consolidated revenue for Q1FY22 was up 53% YoY at Rs 19,919 Cr. EBITDA up 86% YoY to Rs 4,736 Cr. and PAT* at Rs 1,667 Cr. was up 612% YoY. Standalone revenue for Q1FY22 was at Rs 3,763 Cr. EBITDA at Rs 805 Cr. and PAT at Rs 482 Cr. significantly higher on a YoY basis. Revenue and EBITDA from the discontinued operations (Fertiliser Business) for Q1FY22 stood at Rs 687 Cr. and Rs 56 Cr. (Q1FY21: Rs 605 Cr. and Rs 72 Cr.) respectively. The Fertiliser Business divestment process is expected to be completed by Q2FY22. The second wave of COVID-19 slowed down the pace of economic activity, which was fast recovering. However, with the accelerated pace of vaccination by the Government and the receding impact of 2nd wave, the economy is witnessing a strong rebound. Result PDF15-11-2021
