Grasim Industries to raise up to ₹1,000 crore via listed NCDs on private placement basis

Aditya Birla Group's flagship holding firm, Grasim Industries Ltd, on Monday (June 2) announced that its Finance Committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹1,000 crore.

The company will raise the funds through fully-paid, unsecured, listed, rated, and redeemable rupee-denominated NCDs priced at ₹1,00,000 each. The issuance will take place on a private placement basis in one or more tranches, according to the regulatory filing.

"This is to inform that the Finance Committee of the Board of Directors of the Company at its meeting held today, inter-alia, has approved the issuance of Fully Paid, Unsecured, Listed, Rated, Redeemable, Rupee denominated, Non-Convertible Debentures of ₹1,00,000/- per Debenture aggregating up to Rs.1,000 crore, in one or more tranches, on private placement basis," Grasim said in a stock exchange filing.

Also Read: Grasim Industries approves ₹2,000 crore non-convertible debenture issue

Mixed Q4

For the fourth quarter, Grasim Industries reported a net loss of ₹288 crore for Q4FY25, narrowing from ₹441 crore in the year-ago quarter but wider than CNBC-TV18’s poll estimate of a ₹140-crore loss.

Revenue grew 31.9% year-on-year to ₹8,926 crore, ahead of the estimated ₹8,675 crore. The strong topline performance was driven by robust growth in both core and new businesses.

However, operating performance lagged expectations. EBITDA came in at ₹221 crore, down 58.1% from ₹527 crore last year and below the poll estimate of ₹335 crore. The EBITDA margin declined sharply to 2.5%, missing the 3.9% estimate and down from 7.8% in Q4FY24.

Shares of Grasim Industries Ltd ended at ₹2,519.50, down by ₹26.05, or 1.02%, on the BSE.

Also Read: Grasim Industries shares gain nearly 3% despite weak Q3 earnings