Grasim Industries misses Q3 estimates, swings to loss of ₹169 crore

Grasim Industries, the flagship company of the Aditya Birla Group, reported a consolidated net loss of ₹168.7 crore for the third quarter of FY25, significantly higher than the ₹74 crore loss estimated in the CNBC-TV18 poll.

The company had posted a net profit of ₹236 crore in the same period last year.

Revenue rose 26.9% year-on-year (YoY) to ₹8,120.3 crore, compared to ₹6,400 crore in Q3 FY23, but fell short of the ₹8,208 crore projected by analysts.

Meanwhile, EBITDA declined sharply by 48.2% to ₹270.6 crore from ₹522.6 crore in the year-ago period, missing the poll estimate of ₹378 crore.

The EBITDA margin stood at 3.3%, down from 8.2% a year ago and below the expected 4.61%.

Despite the near-term challenges, Grasim remains well-positioned to capitalise on opportunities across multiple sectors, driven by its expanding scale and strategic investments.

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The company's outlook aligns with the Indian government's 'Viksit Bharat' vision, which prioritises infrastructure, housing, manufacturing, and financial inclusion, supporting long-term growth prospects, the company said.

Shares of Grasim Industries closed at ₹2,470.75 on the BSE, down 0.71%, ahead of the earnings announcement.