Grasim Industries Q3 FY07 net swings 154 pc

New Delhi, Jan 23: Aditya Birla group company Grasim Industries Ltd today posted a 154 per cent increase in its net profit for the third quarter ended December 31, 2006, at Rs 411.58 crore as compared to Rs 161.87 crore for the same quarter an year ago.

The total income of the company rose by 38.7 per cent to Rs 2,323.78 crore for the quarter from Rs 1,675.33 crore for the same quarter previous year.

''The company is poised for a significant growth in the years ahead. Measures towards cost optimisation and effective financial management are also expected to raise its performance levels further in the years to come,'' a Grasim Industries statement said.

The group posted a net profit (after minority's share) of Rs 555.39 crore for the quarter, up by 184 per cent as compared to Rs 195.34 crore for the corresponding period the previous year.

The total income of the group stood at Rs 3,752.83 crore for the quarter from Rs 2,550.04 crore for the same quarter ended December 31, 2005, with a growth of 47 per cent.

UNI