Grasim Industries’ shares rose 0.89 per cent to ₹2,495.20 on NSE right this moment at 1.55 p.m., regardless of reporting a web lack of ₹169 crore for Q3FY25, falling wanting analysts’ estimated lack of ₹74 crore. The corporate’s income stood at ₹8,120 crore, barely beneath the anticipated ₹8,208 crore.
The Aditya Birla Group flagship’s consolidated income grew 9 per cent year-on-year to ₹34,793 crore, whereas EBITDA declined 9 per cent to ₹4,668 crore in Q3FY25. The corporate attributed the decrease EBITDA to lowered realisations within the cement enterprise and preliminary investments in its new paint enterprise, Birla Opus.
- Additionally learn: Grasim web down 29% in Q3 on decrease realisation
In a big growth transfer, Grasim’s board authorised organising a 110K TPA lyocell fibre plant at Harihar, Karnataka. The primary section of 55K TPA might be accomplished by mid-2027 with an funding of ₹1,350 crore.
The corporate’s paint enterprise, Birla Opus, has made regular progress with 4 out of six deliberate vegetation now operational, together with the not too long ago commissioned Chamarajnagar facility in November 2024. The remaining two vegetation are scheduled for completion in Q4FY25 and Q1FY26.
Main brokerages keep a optimistic to impartial outlook, with Jefferies setting a goal worth of ₹3,125 per share whereas Morgan Stanley maintains an equal weight score with a goal of ₹2,950.
- Additionally learn: Birla Opus Paints turns into India’s second-largest paint maker by capability
