Grasim’s profit plunges 41% on weak cement ops, investments in biz

Grasim: Grasim Industries' Q3 profit dropped 41% to Rs 899 crore, impacted by lower cement realisations, investments in paints, and higher costs. Revenue grew 9% to Rs 34,793 crore. The company invested Rs 9,000 crore in its paints business and Rs 2,785 crore in capex. Financial services and chemical segments showed growth.