GRASIM INDUSTRIES - QTRLY RESULTS -Q2 FY 2012 ENDIND DEC,2011 - NET SALES UP 16.26%; CONS-NPT UP BY 33.34% YoY; EXCELLENT IMPROVEMENT

Grasim Industries Limited

NSE Symbol        GRASIM

GRASIM INDUSTRIES LTD – has produced very good results for the third quarter of Dec,2011.

Net Sales in Q3 FY 2012 (current Qtr) stands at Rs.6260.07 Cr – up by   10.81% from Q2 FY 12 and up by 16.26% from Q3 FY 11.

Raw Materials consumption stands at Rs.2794.25 Cr in Q3 FY 12 – up by  9.38% from  Q2 FY 12; and Up by  18.45% from Q3 FY 11.

Other Expenditure stands at Rs.1809.76 Cr – up by 5.50% from Q2 FY 12 and up by  13.72% from Q3 FY 11.

Total Expenditure stands at Rs.5239.83 cr in Q3 FY 12; up by 4.17% from Q2 FY 12; and up by  14.82% from Q3 FY 11.

Profit from Operations stands at Rs.1124.24 cr in Q3 FY 12 – up by 51.10% from Q2 FY 12; and up by 25.24% from Q3 FY 11.

Profit before tax stands at Rs.1215.44 cr in Q3 FY 12; up by 59.62% from Q2 FY 12; and up by  41.42% from Q3 FY 11.

Tax Expense stands at Rs.330.21 cr in Q3 FY 12 – up by  39.12% from Q2 FY 12; and up by  26.83% from Q3 FY 11.

Net Profit  stands at Rs.885.23 Cr – up by  68.90% from Q2 FY 12; and up by 47.77% from Q3 FY 11.

Consolidated NPT stands at Rs.669.07 Cr  in Q3 FY 12 – up by  60.09% from Q2 FY 12; and up by 33.34% from Q3 FY 11.

Basic EPS for Q3 FY 12 stands at Rs.72.95 – against Rs.45.57 in Q2 FY 12 and Rs.54.71 in Q3 FY 11.

At this rate, the annual EPS may be around Rs.237.

Current Market Price is Rs.2465.60 – while the 52 week high price  is Rs.2626.35 and the 52 week low price  is Rs.1981.90.

The PE Ratio is 10.40. The performance of Grasim in Q3 is Excellent.

RESULTS TABLE

grasim ind-consol	q3 fy 12	q2fy12	%DIF1	q3fy11	%DIF2
Net Sales	626007	564,919.00	10.81	538,452.00	16.26
Other Oprting Income	10400	12,494.00	-16.76	7,669.00	35.61
Increase in SIT/WIP	-8320	6,657.00	-224.98	-4,552.00	82.78
Raw Materials	279425	255,471.00	9.38	235,894.00	18.45
Traded goods	6717	7,005.00	-4.11	3,780.00	77.7
Employees Cost	36312	33,958.00	6.93	32,170.00	12.88
Depreciation	28873	28,373.00	1.76	29,917.00	-3.49
Other Expenditure	180976	171,545.00	5.50	159,143.00	13.72
Total Expenditure	523983	503,009.00	4.17	456,352.00	14.82
Profit from Operations	112424	74,404.00	51.10	89,769.00	25.24
Other Income	14091	10,681.00	31.93	7,051.00	99.84
Interest	4971	8,939.00	-44.39	10,877.00	-54.3
Profit before tax	121544	76,146.00	59.62	85,943.00	41.42
Tax Expense	33021	23,735.00	39.12	26,036.00	26.83
Net Profit	88523	52,411.00	68.90	59,907.00	47.77
Minority Interest	23479	10,210.00	129.96	11,003.00	113.4
Shares of Associates	-1863	407	-557.74	-1,272.00	46.46
Consolidated NPT	66907	41,794.00	60.09	50,176.00	33.34
Face Value (in Rs.)	10	10	0.00	10	0
Paid-up Equity	9172	9,172.00	0.00	9,170.00	0.02
Basic EPS	72.95	45.57	60.08	54.71	33.34
Diluted EPS	72.9	45.54	60.08	54.69	33.3
Public holding (%)	63.36	63.48	-0.19	63.59	-0.36

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