Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the reporting period, compared with Rs 4,873 crore in the corresponding period of previous year.
EBITDA (earnings before interest, tax, depreciation and amortisation) for the March quarter stood at Rs 6,196 crore, up 27% year-on-year.
CSF prices improved marginally in China during the quarter, reflecting an improving demand scenario and stable operating rates (85%).
However, export prices softened due to global overcapacity and lower raw material prices. Demand in India during the quarter was impacted by the amendment in the MSME policy, which resulted in low inventory build-up in the textile value chain. The CFY business remains impacted by increased cheaper imports from China in an already weak demand market.Grasim CSF volumes grew by 8% year-on-year to 208 KT. However, revenue for the quarter was flat at Rs 3,762 crore, due to subdued realisations. Segment EBITDA sequentially grew by 15% to Rs 462 crore, largely led by lower input costs.The chemicals business achieved its highest ever caustic soda sales volume of 308 KT in Q4FY24, up 8% year-on-year. However, revenue decreased by 13% year-on-year to Rs 2,083 crore due to a sharp decline of 28% year-on-year in ECU realisation.The building materials business reported revenue of Rs 20,919 crore, up 11% year-on-year, led by growth in cement and B2B E-commerce businesses. EBITDA increased to Rs 4,150 crore, up 24% year-on-year despite the initial losses from Paints and B2B E-commerce businesses.
On Wednesday, Grasim Industries shares closed 0.6% lower at Rs 2,432.30 on NSE.
