Grasim Industries posts Q2 profit of Rs799 crore

Joann Johnston
November 14, 2017

The company announced expenses for the quarter reduced 2 per cent to Rs 10,775 crore as compared to corresponding period last fiscal.

State-owned construction company National Buildings Construction Corp (NBCC) on Tuesday reported a 31% year-on-year rise in consolidated net profit to Rs 81.23 crore in the July to September period.

The company said the results for the period are not comparable as it include the financials of Aditya Birla Nuvo Ltd (ABNL) and its subsidiaries post its merger with effect from 1 July 2017.

In absolute value, gross NPAs were Rs 46,306.83 crore during the quarter against Rs 42,949.25 crore.

"Due to change in appropriation of recovery in NPA accounts, additional income of Rs 93 crore has been recognised during the quarter ended September", it added.

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The bank's asset quality deteriorated further in the September quarter of the current fiscal.

ET Now poll had predicted net profit of Rs 1,220 in Q2FY18.

Revenue fell by about one per cent to Rs 12,409.65 crore.

GAIL's share price at the Bombay Stock Exchange (BSE) today closed at Rs 456.45, up 0.26 per cent as compared to previous close.

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