Profits of the FMCG major rose 11 percent year on year to Rs 2,289 crore. The EBITDA margin declined 100 basis points to 23.2%. Revenue increased 20 percent.
Cement maker's consolidated profit fell by 25.5% year-over-year to Rs 865.44 crore in Q2CY22 due to higher energy and fuel costs. To Rs 8,033 crore, revenue increased 15.1% YoY.
In the financial year 2022-23, the board has approved a second interim dividend of Rs 19.50 per equity share. Rs 7,250 crore in dividends. The dividend is payable on July 27, 2022.
A B2B e-commerce platform for building materials has been approved by Aditya Birla Group's flagship company. All Grasim businesses will benefit from this investment.
The profit rose 47.4 percent to Rs 262 crore for the quarter ended June 2022. Rs 2,988.40 crore was lost to operations. Retail sales were up 148% at Rs 8,938 crore.
Recently, the company received an order to supply, install, operate, and maintain CT scan centers for the Rajasthan Medical Education Society (Directorate of Medical Education).
A 64-slice CT scanner will be installed at MES Medical College based on the tender awarded. It will be a 10-year contract.
Tata Group reported an 18.1 percent decline in profit at Rs 67.5 crore for the quarter ended June 2022 due to higher raw material costs.
In Q1FY23, revenue increased 16.5 percent YoY to Rs 862.8 crore, driven by 17.1 percent growth in the domestic crop care business and 51 percent growth in exports.