Grasim Industries' consolidated net profit surged 63.55% to Rs 830.22 crore on 9.16% growth in total income to Rs 9278.13 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.
Grasim Industries' board of directors at a meeting held yesterday, 11 August 2016, approved 5-for-1 stock split.
Aditya Birla Nuvo's (ABNL) consolidated net profit declined 56.79% to Rs 305.15 crore on 1.62% growth in total income to Rs 3318.68 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.
Meanwhile, in separate announcements, Grasim Industries and ABNL said that the board of directors of the companies have approved a composite scheme of arrangement between Grasim Industries, ABNL and Aditya Birla Financial Services and their respective shareholders. The announcement was made after market hours yesterday, 11 August 2016.
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