Grasim Q1 FY27: Profit jumps 39 percent, Renewables to buy Solenergi for about Rs 17,200 cr
GRASIM · price
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Grasim posted strong Q1 FY27 results. Standalone revenue rose about 28 percent to Rs 11,795 cr and net profit swung to Rs 247 cr from a loss last year. Consolidated revenue grew about 21 percent to Rs 48,716 cr with net profit up about 39 percent at Rs 3,846 cr. EPS rose to Rs 31.64 from Rs 20.93. Building Materials and Financial Services led segment growth. Grasim invested Rs 2,880 cr into Aditya Birla Capital via preferential allotment. The Renewables arm agreed to acquire Solenergi Power for about Rs 17,200 cr.
Sharp profit recovery from year ago, strong revenue growth. Expansion moves in Capital and Renewables signal growth push but raise debt load.