India-based Grasim Industries has increased its net profit in the October-December quarter 2015 to INR 6.5 billion compared to from INR 3.34 billion (€45.42 million/US$49.20 million) in the same quarter in 2014. The company has recorded an increase in its total income in the quarter under review from INR 80.35 billion previously, to INR 90.44 billion. Grasim Industries has businesses in Viscose Staple Fibre (VSF), cement and chemicals. In fiscal year 2016-2017, the company says it will spend INR
India-based Grasim Industries has increased its net profit in the October-December quarter 2015 to INR 6.5 billion compared to from INR 3.34 billion (€45.42 million/US$49.20 million) in the same quarter in 2014.
The company has recorded an increase in its total income in the quarter under review from INR 80.35 billion previously, to INR 90.44 billion.
Grasim Industries has businesses in Viscose Staple Fibre (VSF), cement and chemicals.
In fiscal year 2016-2017, the company says it will spend INR 40.55 billion (€551.46 million/US$597.29 million) on capital expenditure, against INR 25.9 billion in 2015-2016.
The Aditya Birla Group company will pour in INR 38 billion in its cement unit, Ultratech in 2016-2017.
It will also inject another INR 2.55 billion into its chemicals and VSF businesses in the coming fiscal year.
