Grasim Industries’ Q1FY25 Results

Grasim Industries reported a 10% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 9%.
Its expenses for the quarter were down by 7% QoQ and up 12% YoY.
The net profit decreased 17% QoQ and 12% YoY.
The earnings per share (EPS) of Grasim Industries stood at 18.1 during Q1FY25.

Grasim Industries’ Financial Statements for Q1FY25:


Total income	31,361	38,154	34,161	-10%	9%
Total expenses	27,923	33,750	31,249	-7%	12%
Profit before tax	3,438	3,928	2,976	-24%	-13%
Tax	862	1,207	708	-41%	-18%
Profit after tax	2,576	2,722	2,268	-17%	-12%
Earnings per share	23.9	20.7	18.1

Financials:

Net Profit: ₹2,267.74 crores, down 12.0% YoY from ₹2,576.35 crores in Q1FY24.
Revenue: Grasim Industries' consolidated revenue grew by 9% YoY to ₹34,161 crores but declined by 10% QoQ.
Expenses: Total expenses were ₹31,249 crores, up 12% YoY but down 7% QoQ.
Net Profit: ₹2,268 crores, down 12% YoY from ₹2,576 crores in Q1FY24.
Earnings Per Share (EPS): EPS for Q1FY25 was ₹18.1, compared to ₹23.9 in Q1FY24.
EBITDA: Declined by 4% YoY to ₹4,760 crores

Key Highlights:

Cellulosic Fibres (CSF and CFY)

China CSF Prices: Improved sequentially by 4% to $1.64/kg, but down 2% YoY.
Operating Rates & Inventory: China operating rates were stable at ~82%; inventory levels at 12 days.
CSF Sales Volume: Reached highest-ever quarterly sales at 212 KT, up 14% YoY.
CFY Business: Reported marginal volume growth of 2% YoY due to subdued demand.
Revenue: ₹3,787 crores, up 6% YoY; Segment EBITDA grew 4% YoY to ₹405 crores.

Chemicals (Chlor-Alkali, Chlorine Derivatives, Speciality Chemicals)

International Caustic Soda Prices: Average spot prices at $469/ton in Q1FY25, up 13% YoY and 4% QoQ.
Revenue: ₹2,066 crores, down 4% YoY and 1% QoQ.
Speciality Chemicals: Revenue mix improved to 30% from 25% in Q1FY24.
Segment EBITDA: ₹310 crores, up 59% QoQ but down 13% YoY.

Building Materials (Cement, Paints, B2B E-Commerce)

Revenue: ₹18,701 crores, up 11% YoY.
Cement Sales Volumes: Grew by 7% YoY to 31.95 MT; Ready-mix concrete sales grew by 22% YoY.
UltraTech Cement: Expanded grey cement capacity to 154.9 million TPA; Approved purchase of 32.72% equity stake in India Cements Limited.
Paints Business (Birla Opus): Ramped up production, launched media campaign, opened operational flagship store in Mumbai.
B2B E-Commerce (Birla Pivot): Achieved quarterly run-rate revenue of ₹550 crores, expanding geographical reach.

Financial Services (Aditya Birla Capital)

Revenue: ₹8,807 crores, up 25% YoY; EBITDA grew 17% YoY to ₹1,058 crores.
Lending Portfolio: Increased by 27% YoY to ₹1,27,705 crores.
Total AUM: Grew by 20% YoY to ₹4,62,891 crores.
D2C Platform (ABCD): Strong response with 8 lakh registrations in Q1FY25.

Other Businesses (Textiles, Renewables, Insulators)

Revenue: ₹798 crores, up 6% YoY.
EBITDA: ₹109 crores, down 16% YoY.
Renewables: Installed capacity increased to 946 MW, up 6% from Mar’24.

Data Source: BSE, Company announcements
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