Grasim Industries' third quarter standalone profit is expected to increase 86 percent year-on-year to Rs 174 crore and revenue is seen rising 21 percent to Rs 1,880 crore, according to analysts polled by CNBC-TV18.
Topline may be aided by higher viscose staple fibre (VSF) volumes & realisations. VSF volumes may grow on the back of commissioning of the new capacity at Vilayat plant.
Operating profit in Q3 may increase 55 percent to Rs 281 crore and margin may expand 330 basis points to 14.9 percent compared to corresponding quarter of last fiscal.
Margin may get supported VSF margin (that may rise with some respite in pulp cost), VSF realisations improvement, improved performance of Epoxy, sustenance of steady performance in chemicals business and benefit of merger with Aditya Birla Chemicals.
As far as consolidated numbers are concerned, majority of consolidated earnings are already in via UltraTech Cement. Grasim holds 60.3 percent stake in UltraTech that contributes roughly 70 percent to topline & bottomline of consolidated Grasim numbers.
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