Grasim Industries reported a net profit of Rs 2,306 crore in the second quarter of the current financial year (Q2FY27), rising 186.5 per cent year-on-year (YoY) from Rs 805 crore recorded in Q2FY26. The company reported an exceptional loss of Rs 825.4 crore during the quarter. However, the company reported other income rise of 190.3 per cent YoY to Rs 4,120.74 crore in Q2FY27 from Rs 1,419.40 crore recorded in the same quarter of the last financial year.
The company’s revenue from operations came in at Rs 12,746 crore in Q2FY27, an increase of 32.6 per cent YoY, compared with Rs 9,610 crore in Q2FY26. ET Now estimated the revenue to be at Rs 12,132 crore.
On the operating front, the company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at Rs 494 crore, below ET Now’s expectations of Rs 661 crore. It posted an EBITDA of Rs 366 crore in Q2FY26, which was a jump of 35 per cent YoY this quarter. Its EBITDA margins squeezed to 3.9 per cent in Q2FY27 from 3.8 per cent recorded in the same quarter a year ago. ET NOW estimated EBITDA margin at 5.4 per cent.
Also, the company announced to invest Rs 625 crore (C$91.8 million) in a Canada based joint venture, AV Group NB INC. (AVNB). The company holds 45 per cent share in AVNB.
“The proposal to make an investment up to C$ 91.8 million (~INR 625 Crore), in one or more tranches, in the proposed Rights Issue of AV Group NB Inc, Canada (“AVNB”), Joint Venture of the Company, proportionate to the shareholding of the Company in AVNB i.e. 45%, in the share capital of AVNB,” read a regulatory filing.
Sparsh Bansal is the Chief Copy Editor with ET Now Digital. He writes extensively on equity markets, IPO, with a passion for financial markets and a sharp eye to detect patterns, I extensively cover IPOs, stock movements, and investment strategies that shape India’s economic landscape.
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