Grasim Industries Limited Q4 Result , declared dividend of  Rs 7 per Equity share

Grasim Industries Limited Q4 Result , declared dividend of Rs 7 per Equity share

 

Grasim Reports strong financial results for FY19

Consolidated Revenue: ` 72,971 Cr. Up 31% YoY; EBITDA: ` 12,820 Cr. Up 18% YoY

Standalone Revenue: ` 20,550 Cr. Up 30% YoY; EBITDA: ` 4,639 Cr. Up 31% YoY

Consolidated PAT (Before Exceptional Items): ` 4,112 Cr. Up 36% YoY

Standalone PAT (Before Exceptional Items): ` 2,574 Cr. Up 30% YoY

Standalone Cash Profit ` 3,457 Cr. Up 31%

 

Viscose Business

The Net Revenue for FY19 stood at `10,325 Cr. up by 23% YoY and EBITDA at `2,052 Cr. up by
22% YoY driven by better sales volume and realization. The Net Revenue for Q4FY19 are at
`2,625 Cr. up by 18% and EBITDA at `413 Cr., is up by 3% vis-à-vis the comparable quarter of
the previous year

Chemical Business

The Net Revenue for FY19 stood at `6,436 Cr. up by 29% YoY and EBITDA at `1,827 Cr. up by
40% YoY driven by higher sales volume and better realization. The Net Revenue for Q4FY19
are higher at `1,688 Cr. up by 17% and EBITDA at `434 Cr., up by 5% vis-à-vis the comparable
quarter of the earlier year.




Capex Plan

The total capex plan of `6,454 Cr. (at standalone level) is under execution for raising
capacities in both the VSF and Chemical businesses, apart from ongoing modernisation
capex at various plants. This capital expenditure will be incurred over FY20-FY22 and will be
majorly funded from internal accruals. The cash profit generated in FY19 is over `3,400 Cr. at
standalone level.

Cement Subsidiary – UltraTech

UltraTech reported Consolidated Sales Revenue of `10,905 Cr. up 17% (YoY) and EBITDA of `2,459Cr. in Q4FY19 up 30% (YoY). The consolidated sales volume registered an increase of 16% on YoY basis to ~22 MTPA.

 

Financial Services Subsidiary – Aditya Birla Capital Limited (ABCL)

The Revenue and Net profit after minority interest for FY19 (as reported by ABCL) are at `15,164 Cr. and `871 Cr. up by 32% and 26%. The Revenue and Net profit after minority interest for Q4FY19 are at `4,730 Cr. and `258 Cr. up by 32% and 52%.

The NBFC Lending book (Incl. housing finance) grew 23% YoY to `63,119 Cr. (FY19) The Average Assets under management at `2,65,109 Cr. (FY19) are up 6% YoY. In Life Insurance business, the Individual First year Premium are up 41% to `691 Cr. in Q4FY19. The persistency ratios also witnessed a consistent improvement, to 78% (FY19) up 3%. In the Health Insurance business, Gross written premium increased to `497 Crores (FY19), 2x over the previous year.

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