Grasim Industries Limited (NSE:GRASIM)

Grasim Industries Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	1,190,404	1,078,551	970,097	902,790	736,068	764,043
Other Revenue	406,066	406,228	339,688	273,481	220,943	-
Revenue	1,596,470	1,484,779	1,309,785	1,176,271	957,011	764,043
Revenue Growth (YoY)	16.43%	13.36%	11.35%	22.91%	25.26%	1.68%
Cost of Revenue	690,863	625,370	544,249	512,484	395,957	286,476
Gross Profit	905,607	859,409	765,536	663,787	561,055	477,567
Selling, General & Admin	300,668	286,885	250,065	224,605	190,994	160,716
Other Operating Expenses	284,387	289,662	243,440	223,292	164,450	130,300
Operating Expenses	656,537	641,084	543,519	493,186	396,685	330,804
Operating Income	249,070	218,324	222,017	170,600	164,369	146,763
Interest Expense	-138,313	-124,346	-92,379	-59,558	-46,834	-56,983
Interest & Investment Income	5,374	5,374	5,728	4,276	2,543	1,657
Earnings From Equity Investments	3,085	2,968	886.8	2,090	3,803	1,892
Currency Exchange Gain (Loss)	-357.3	-357.3	-121.9	-345.2	-1,753	-73.9
Other Non Operating Income (Expenses)	2,015	2,015	779	28,677	732.8	879.7
EBT Excluding Unusual Items	120,873	103,978	136,909	145,739	122,863	94,135
Merger & Restructuring Charges	-1,461	-1,461	-720	-	-	-809.9
Gain (Loss) on Sale of Investments	6,297	6,297	5,744	2,634	4,467	7,543
Gain (Loss) on Sale of Assets	364.5	364.5	38.1	-	-	-
Asset Writedown	-93.5	-93.5	-	-225.8	-369.4	-546.2
Other Unusual Items	497	-834.5	-4,974	-880.3	-691.1	-2,607
Pretax Income	126,478	108,251	136,998	147,267	126,269	97,714
Income Tax Expense	36,752	30,687	37,742	36,485	19,363	30,222
Earnings From Continuing Operations	89,725	77,563	99,257	110,782	106,906	67,492
Earnings From Discontinued Operations	-	-	-	-	5,157	2,375
Net Income to Company	89,725	77,563	99,257	110,782	112,063	69,867
Minority Interest in Earnings	-46,844	-40,507	-43,012	-42,509	-36,565	-26,819
Net Income	42,882	37,057	56,245	68,273	75,498	43,048
Net Income to Common	42,882	37,057	56,245	68,273	75,498	43,048
Net Income Growth	-4.33%	-34.12%	-17.62%	-9.57%	75.38%	-2.42%
Shares Outstanding (Basic)	674	667	659	657	657	657
Shares Outstanding (Diluted)	675	668	661	657	658	657
Shares Change (YoY)	1.49%	1.08%	0.51%	-0.06%	0.06%	0.07%
EPS (Basic)	63.59	55.57	85.29	103.98	114.97	65.57
EPS (Diluted)	63.57	55.50	85.15	103.88	114.80	65.50
EPS Growth	-5.74%	-34.82%	-18.03%	-9.51%	75.27%	-2.49%
Free Cash Flow	-322,940	-343,510	-302,044	-247,213	-15,500	114,265
Free Cash Flow Per Share	-478.71	-514.47	-457.25	-376.15	-23.57	173.86
Dividend Per Share	-	10.000	10.000	10.000	5.000	5.000
Dividend Growth	-	-	-	100.00%	-	25.00%
Gross Margin	56.73%	57.88%	58.45%	56.43%	58.63%	62.51%
Operating Margin	15.60%	14.70%	16.95%	14.50%	17.18%	19.21%
Profit Margin	2.69%	2.50%	4.29%	5.80%	7.89%	5.63%
Free Cash Flow Margin	-20.23%	-23.14%	-23.06%	-21.02%	-1.62%	14.95%
EBITDA	314,116	276,425	267,087	211,570	201,910	184,197
EBITDA Margin	19.68%	18.62%	20.39%	17.99%	21.10%	24.11%
D&A For EBITDA	65,046	58,101	45,070	40,970	37,541	37,434
EBIT	249,070	218,324	222,017	170,600	164,369	146,763
EBIT Margin	15.60%	14.70%	16.95%	14.50%	17.18%	19.21%
Effective Tax Rate	29.06%	28.35%	27.55%	24.77%	15.33%	30.93%
Revenue as Reported	1,611,060	1,499,369	1,322,426	1,212,391	965,225	774,498

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.