Viscose Staple Fibre (VSF) manufacturer Grasim Industries Ltd (GIL) has announced the Business Outlook:
Given the Company's inherent strength, cost optimization measures, capacity expansion plans, strategic planning and effective financial management, the prospects for the Company continue to be positive.
Grasim has also announced the following audited results for the quarter & year ended March 31, 2006:
The Company has posted a net profit of Rs 2627.40 million for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 2295.20 million for the quarter ended March 31, 2005 (Q4 FY 04-05). Total Income has increased from Rs 17246.50 million in Q4 FY 04-05 to Rs 18726.00 million for Q4 FY 05-06.
The Company has posted a net profit of Rs 8632.10 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 8857.10 million for the year ended March 31, 2005 (FY 04-05). Total Income has increased from Rs 64194.50 million in FY 04-05 to Rs 68247.40 million for FY 05-06.
The Consolidated results are as follows:
The Group has posted a net profit after minority's share of Rs 3467.60 million for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 2492.80 million for the quarter ended March 31, 2005 (Q4 FY 04-05). Total Income has increased from Rs 25635.20 million in Q4 FY 04-05 to Rs 29682.30 million for Q4 FY 05-06.
The Group has posted a net profit after minority's share of Rs 10386.00 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 8804.30 million for the year ended March 31, 2005 (FY 04-05). Total Income has increased from Rs 95368.80 million in FY 04-05 to Rs 104169.10 million for FY 05-06.
The Board has recommended payment of dividend on Equity Shares for the year ended March 31, 2006 @ Rs 20 per share.
Textiles producer Grasim is located 127 kilometers south west of Delhi at Bhiwani, Haryana. This composite textile unit has its own spinning, weaving and processing units under one roof.
Bombay Stock Exchange Limited
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