Birla Opus Paints, a division of Grasim Industries, unveiled its fourth plant at Chamarajnagar, Mysore. The Chamarajnagar plant, with a capacity of 230 MLPA, will produce Water based paints, Enamel paints and Wood Finish Paints. The Water based paints will use inhouse manufactured advanced Emulsions as key raw material through unique polymer synthesis process helping company offer innovative paint features like multi stain resistance, outstanding dirt resistance, crack bridge-ability and high scrub resistance leaving no furniture marks when consumer paints with Birla Opus luxury products. The Solvent based paints will use inhouse resins with exquisite designer molecules for high corrosion resistance, better durability, faster drying and superior gloss. The plant is fully sustainable with zero liquid discharge and equipped with 4th generation manufacturing technology to manage supply chain at lightning speed, with zero defects and end to end product traceability - a first of its kind feature. Birla Opus Paints had previously outlined plans to establish six strategically located manufacturing plants with a total capacity of 1,332 MLPA, at an upfront investment of Rs.10,000 crore. The paints business has already incurred a total capex of Rs. 8,470 crore (85% of the total project costs). Currently, four plants are operational, contributing 866 MLPA. Of the remaining two, the Mahad plant near Pune has entered trial production, while the Kharagpur plant near Kolkata is progressing as planned. Powered by Capital Market - Live

Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25, driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses. Profit before exceptional items and tax stood at Rs 2,051.08 crore in September 2024 quarter, up 28.33% YoY. Exceptional loss stood at Rs 83.45 crore during the quarter. Consolidated EBITDA was lower by 10% YoY at Rs 4,042 crore in the quarter ended 30 September 2024, as a result of lower profitability in the cement business and initial investments in the paints business under brand 'Birla Opus'. Revenue from Cellulosic Staple Fibre (CSF) business for the quarter was at Rs 4,125 crore, up 6.07% YoY. Sales volume stood at 219 KT, up 4.29% YoY. Cellulosic Fashion Yarn (CFY) volume improved marginally by 1% YoY to 11.1 KT, however realisation remained impacted due to low priced imports from China. Revenue from Chemicals business rose 3.32% YoY to Rs 2,054 crore in Q2 FY25. Caustic soda sales volume was down by 4% YoY, due to lower production on account of maintenance shutdown of the captive power plant at Vilayat. The building materials business reported revenue of Rs 16,683 crore, up 3% YoY, driven by paints and B2B E-Commerce businesses. EBITDA stood at Rs 1,886 crore, mainly due to lower realisations in cement business and initial investments in building a consumer facing brand 'Birla Opus' in the Indian decorative paints market. Consolidated sales volumes of cement business (UltraTech) grew by 4% YoY to 27.84 MT and ready-mix concrete sales volumes grew by 19% YoY to 3.01 million. The total capex for the business was at 8,470 crore till September 2024, around 85% of the planned capex outlay. The financial services business' (Aditya Birla Capital), revenue and EBITDA, as consolidated in accordance with Ind AS, stood at Rs 10,252 crore and Rs 1,280 crore, registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to Rs 1,37,946 crore. On the outlook front, the firm stated, 'Grasim Industries with its significant presence across businesses is well positioned to capitalise on the opportunities in diverse sectors of the fast-growing Indian economy. The Government's continued focus on infrastructure & housing, manufacturing, financialisation and thrust on increasing economic prosperity of the large section of people augurs well for the company.' Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company recently has entered paints business and setting up six plants across pan India locations. The counter rose 0.79% to Rs 2,528.55 on Thursday, 14 November 2024. The stock market is closed today on account of Guru Nanak Jayanti. Powered by Capital Market - Live

Net profit of Grasim Industries declined 66.50% to Rs 389.90 crore in the quarter ended September 2024 as against Rs 1163.75 crore during the previous quarter ended September 2023. Sales rose 11.06% to Rs 33562.85 crore in the quarter ended September 2024 as against Rs 30220.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales33562.8530220.68 11 OPM %17.9320.01 - PBDT3546.884106.87 -14 PBT2051.082861.72 -28 NP389.901163.75 -66 Powered by Capital Market - Live

Grasim Industries has allotted 30,440 equity shares under ESOS on 22 October 2024. Consequently, the paid up equity share capital has increased to 68,05,46,457 equity shares. Powered by Capital Market - Live

Grasim Industries has repaid commercial paper of Rs 500 crore on 11 October 2024. Powered by Capital Market - Live

Grasim Industries will hold a meeting of the Board of Directors of the Company on 14 November 2024.Powered by Capital Market - Live

Grasim Industries announced that its wholly owned subsidiary, Aditya Birla Renewables has allotted 2,50,000 Unsecured, Listed, Rated, Redeemable Non-Convertible Debentures bearing a face value of Rs. 1 lakh each for an aggregate amount of Rs. 2,500 crore on private placement basis on 24 September 2024. Powered by Capital Market - Live

Grasim Industries has repaid commercial paper aggregating Rs 1,000 crore on maturity i.e. today, 14 August 2024. Powered by Capital Market - Live

The Board of Grasim Industries at its meeting held on 09 August 2024 has approved the acquisition of 26% equity stake in AMPIN Energy C&I Three and AMPIN Energy C&I One, a Special Purpose Vehicles (SPVs) for the purpose of generation and transmission of renewable energy to Chamarajanagar, Karnataka and Cheyyar, Tamil Nadu, Company's Paint plants respectively.Powered by Capital Market - Live

The key equity benchmarks ended with robust gains on Friday. The Nifty settled above the 24,350 mark. All sectoral indices on the NSE ended in green with PSU bank, media, and auto shares gaining the most. As per provisional closing, the barometer index, the S&P BSE Sensex, was up 819.69 points or 1.04% to 79,705.91. The Nifty 50 index gained 250.50 points or 1.04% to 24,367.50. In the broader market, the S&P BSE Mid-Cap index added 1.21% and the S&P BSE Small-Cap index rose 0.79%. The market breadth was strong. On the BSE, 2,339 shares rose and 1,565 shares fell. A total of 102 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 7.45% to 15.37. Buzzing Index: The Nifty PSU Bank index added 1.92% to 6,994.45. The index shed 0.87% in past trading sessions. Indian Bank (up 3.92%), Canara Bank (up 3.18%), Union Bank of India (up 2.13%), State Bank of India (up 2.1%), Bank of Baroda (up 1.8%), Punjab National Bank (up 0.89%) and UCO Bank (up 0.19%) edged higher. On the other hand, Punjab & Sind Bank (down 0.57%), Bank of India (down 0.39%) and Central Bank of India (down 0.2%) declined. Stocks in Spotlight: Grasim Industries added 1.26%. The company reported 23.38% decline in consolidated net profit to Rs 1,207.93 crore in Q1 FY25 as compared with Rs 1,576.47 crore in Q1 FY24. Revenue from operations increased 9% YoY to Rs 33,860.75 crore in Q1 FY25, driven by strong performance from its diversified businesses portfolio. Cellulosic Staple Fibre, Building Materials and Financial Services businesses delivered superior performance. Eicher Motors jumped 5.55% after the company's consolidated net profit jumped 19.94% to Rs 1,101.46 crore in Q1 FY25 as compared with Rs 918.34 crore posted in corresponding quarter last year. Revenue from operations increased 10.2% YoY to Rs 4,393.05 crore during the quarter. JSW Steel advance 2.58% after the company's consolidated crude steel production for the month of July 2024 was at 22.15 lakh tonnes, which is higher by 9% as compared with the same period last year. Life Insurance Corporation of India (LIC) rose 0.83%. The state-run life insurer's standalone net profit rose 9.61% to Rs 10,461.05 crore on 15.66% increase in total premium income to Rs 1,13,770.14 crore in Q1 FY25 over Q1 FY24. Oil India rallied 4.78%. The petroleum business company reported 9.09% decline in standalone net profit to Rs 1,466.84 in Q1 FY25 as compared to Rs 1,613.43 crore posted in Q1 FY24. However, revenue from operations (excluding excise duty) jumped 17.67% to Rs 5,331.92 crore in Q1 FY25 from Rs 4531.18 crore reported in the same period a year ago. Steel Authority of India (SAIL) slipped 5.96% after the company's standalone net profit dropped 92.87% to Rs 10.68 crore in Q1 FY25 from Rs 149.83 crore in Q1 FY24. Revenue from operations fell 1.48% to Rs 23,997.78 crore during the quarter as compared with Rs 24,357.58 crore posted in same quarter last fiscal Container Corporation of India (CONCOR) declined 1.82%. The company reported 5.14% increase in consolidated net profit to Rs 258.17 crore in Q1 FY25 as compared to Rs 245.56 crore posted in Q1 FY24. Revenue from operations grew by 9.38% year on year (YoY) to Rs 2,103.13 crore during the quarter ended 30 June 2024. Biocon shed 0.75%. The company's conosldidated net profit surged to Rs 659.7 crore in Q1 FY25 as compared with Rs 101.4 crore in Q1 FY24. Revenue from operations increased marginally YoY to Rs 3,432.9 crore in during the quarter. Global Markets: European stocks advanced while most Asian stocks ended higher on Friday, buoyed by a strong Wall Street performance. Investor sentiment was lifted by China's release of July consumer price index data, which showed a modest increase and eased deflation concerns. The country's consumer prices rose 0.5% year-on-year last month. However, core CPI, excluding volatile food and energy items, cooled to 0.4% from 0.6% in June. U.S. stocks surged on Thursday after the Labor Department reported a larger-than-expected drop in initial jobless claims to 233,000 for the week ended August 3. The Dow Jones Industrial Average rose 1.76%, the S&P 500 gained 2.30% and the Nasdaq Composite added 2.87%. Powered by Capital Market - Live