India’s Grasim Q3 profit soars, beats forecast

India’s Grasim Q3 profit soars, beats forecast
Published: 23 January 2007

Grasim Industries Ltd said its quarterly net profit more than doubled on higher sales, beating market expectations. Grasim said its net profit rose to Rs4.11bn ($93 million) in its fiscal third-quarter ended December 31 from Rs1.62bn a year ago. The company said sales rose 37 per cent to Rs22.8bn from Rs16.6bn.