Shares of Grasim Industries were currently trading 0.92% lower at Rs 730.50. The stock has fallen 8.78% in eight sessions from its recent closing high of Rs 800.85 recorded on 6 February 2020.
These NCDs have been rated AAA (STABLE) by CRISIL, the company said. The debentures shall be redeemed at par at the end of three years from the deemed date of allotment i.e. 17th February 2020. If this is not a business day, then as per the business day convention redemption date would be 17 February 2023.
On a consolidated basis, Grasim’s net profit declined 28.25% to Rs 680.27 crore in Q3 December 2019 as against net profit of Rs 948.11 crore in Q3 December 2018. Total revenue declined 1.37% year-on-year (YoY) to Rs 19205.05 crore in Q3 December 2019.
Profit before tax (PBT) for Q3 December 2019 stood at Rs 1454 crore, down by 16.82% from Rs 1748 crore in Q3 December 2018.
Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals.