AgenciesThe company, which has interests across fibre, chemicals, cement and financials services, reported a consolidated topline of Rs 24,402 crore, up 16% on-year. Mumbai: Aditya Birla Group flagship Grasim Industries on Monday reported a sharp year-on-year jump in its consolidated bottom-line for the December quarter on the back of lower tax expenses during the period and a significant margin improvement in its chemicals business. The company reported a consolidated profit of Rs 1,746 crore attributable to owners, up 26% year-on-year. However, consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) declined 4% to Rs 3,985 crore as margins narrowed at cement subsidiary Ultratech due to high input costs. EBITDA margin narrowed 336 basis points to 16.3%. The company, which has interests across fibre, chemicals, cement and financial services, reported a consolidated top-line of Rs 24,402 crore, up 16% on-year. The stock fell 3.92% to close at Rs 1,643.2 on t...

MUMBAI: Shares of Kanoria Chemicals today rocketed nearly 20 per cent on BSE and NSE to their upper limit after Aditya Birla group firm, Aditya Birla Chemicals (India), said it will acquire the chloro chemicals pision of KCIL for Rs 830 crore. Buoyed by the news, the Kanoria Chemicals & Industries’ shares surged by 19.93 per cent to Rs 49.35 a piece on Bombay Stock Exchange (BSE). Similarly, Aditya Birla Chemicals (India) also witnessed heavy buying by investors and jumped by 7.12 per cent to a month’s high of Rs 144.35. On National Stock Exchange, shares of Kanoria advanced by 20.02 per cent to its upper limit of Rs 49.45, while Aditya Birla Chemicals’ scrip surged by 6.72 per cent to Rs 144.40 a piece. The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL) had on Saturday approved acquisition of the Chloro Chemicals Division (CCD) of KCIL for a cash consideration of Rs 830 crore. With this acquisition, the total caustic soda capacity of ABCIL ...