Grasim Industries Q1 results

The Company has posted a net profit of Rs 8665.90 million for the quarter ended June 30, 2009 where as the same was at Rs 5141.90 million for the quarter ended June 30, 2008. Total Income is Rs 31072.90 million for the quarter ended June 30, 2009 where as the same was at Rs 26745.70 million for the quarter ended June 30, 2008.

- Standalone results for the quarter ended June 30, 2009 (Q1 FY10) are not strictly comparable owing to sale of Sponge Iron unit effective from May 22, 2009. Corresponding quarter in previous year (QIFY09) included Sponge Iron unit results for full quarter.

The Consolidated Results are as follows

The Group has posted a net profit of Rs 10800.30 million for the quarter ended June 30, 2009 where as the same was at Rs 6718.90 million for the quarter ended June 30, 2008. Total Income is Rs 51794.10 million for the quarter ended June 30, 2009 where as the same was at Rs 45158.60 million for the quarter ended June 30, 2008.

- The results of Idea Cellular Ltd. (Idea) were consolidated as a Joint Venture in Q1FY09, whereas w.e.f. January 01, 2009 Idea results are being consolidated as an Associate, due to which Revenue and PBIT in Consolidated results of Q1 FY10 are not strictly comparable