Grasim This fall revenue rises 62%, board recommends ₹10 per share in dividends

Grasim Industries Ltd. of the Aditya Birla Group mentioned consolidated fourth-quarter web revenue after distinctive objects grew 62% year-on-year to ₹2,777 crore following “a strong quarterly efficiency”, the corporate mentioned in a press launch.

Income climbed 18% to ₹28,811 crore.

For the monetary 12 months 2022, Grasim reported a 75% enhance in web revenue to ₹7,550 crore. Income rose 25% to ₹95,701 crore, the corporate mentioned.

Grasim mentioned it had turned zero web debt with web money at ₹553 crore as on March 31.

The board of administrators really useful a dividend of ₹5 per fairness share for the 12 months ended March 31, and a particular dividend of ₹5 per share.

The full outflow on account of the dividend can be ₹658 crore.

The corporate mentioned complete capital expenditure got here to ₹2,537 crore throughout FY22, of which ₹579 crore was spent within the paints enterprise.

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