Grasim Industries just posted some eye-catching numbers for the September quarter; their profit nearly tripled to ₹2,306 crore compared to last year.
This surge came from a 33% jump in revenue, mainly thanks to strong sales in cellulosic fibers and decorative paints.
Grasim posts consolidated ₹234.08cr loss
Cellulosic fibers brought in 29% more revenue, while decorative paints grew by 35%.
But not everything was smooth: the chemicals division struggled with higher power costs, cutting into profits despite more sales.
And here's the twist: despite these wins, Grasim's overall (consolidated) results actually showed a loss of ₹234.08 crore this quarter.
The company says its main business is still doing well, even if some segments are having a tougher time right now.