Grasim Industries Narrows Q4 Loss on Core Growth
Grasim Industries reported a narrowed standalone net loss of 1.64 billion rupees for the March quarter as revenue rose to 117.74 billion rupees. Strong performance in building materials and financial services helped offset heavy investments in the company's new paints and e-commerce ventures.
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GRASIM INDUSTRIES LTD narrowed its quarterly standalone net loss to 1.64 billion rupees ($16.94 million) for the period ending March 31. The result improves upon the 2.88 billion rupee loss recorded during the same period in the previous year. Core performance strengthened as operating improvements and a lower exceptional charge offset high capital costs from new paint and e-commerce ventures.
