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News Grasim Industries’ cement sales growth contributes to rise in earnings in third quarter of 2024 financial year

Grasim Industries’ cement sales growth contributes to rise in earnings in third quarter of 2024 financial year

Written by Global Cement staff 09 February 2024
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India: In the third quarter of the 2024 financial year (1 October – 31 December 2023), Grasim Industries’ earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 34% to US$620m. The Hindu Business Line newspaper has reported that the company partly attributed this to an increased sales contribution from its cement subsidiary UltraTech Cement. Nonetheless, Grasim Industries’ net profit dropped by 42% year-on-year in the quarter, to US$313m.

Last modified on 14 February 2024
Published in Global Cement News
Tagged under
  • Aditya Birla
  • India
  • Grasim Industries
  • UltraTech Cement
  • Results
  • GCW646
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