Grasim Industries reports a sharp shift in quarterly performance, with revenue rising but earnings falling due to a large one-time loss linked to operations of its Canadian joint venture. For the September quarter of FY27, the company records a consolidated loss attributable to owners of Rs 234.1 crore, versus a restated profit a year earlier, while revenue from operations increases 26% to Rs 50,105 crore.
The results also include profit changes across multiple measures. Net profit falls 35% year on year to Rs 1,029 crore when including non-controlling interests. Building materials remains the biggest revenue contributor, alongside financial services and cellulosic fibres. Grasim books an exceptional loss of about Rs 773 crore, tied to the AV Group NB Inc joint venture temporarily idling a dissolving-grade pulp mill in New Brunswick, Canada, and it also records a higher tax expense.
Across outlets, NDTV highlights that net profit nearly triples year on year to Rs 2,306 crore while stressing the one-time loss of around Rs 825 crore. Free Press Journal provides more segment and line-item detail, including the breakdown of impairment and provisioning connected to the Canadian exposure, and notes board approval for an investment tied to a proposed rights issue.
