Grasim Industries's net profits rise by 28% in 1QFY19

Grasim Industries (Aditya Birla Group) recorded a consolidated net profit rise of INR17,860m (US$250.4m) for the June quarter, up by 27.86 per cent, with strong performances from its subsidiaries UltraTech Cement and Aditya Birla Capital.

The company’s total income increased by 12.72 per cent to INR19,091bn during April-June 2019, up from INR16,937bn.

Revenues form the cement business during the quarter stood at INR10,177bn, a rise of 14.35 per cent on the corresponding quarter of last year.