Mumbai: Grasim Industries today reported a marginal increase in consolidated net profit at Rs 672 crore for the first quarter ended June 30, 2008, as against Rs 670 crore in the corresponding period previous year. According to a release issued to the Bombay Stock Exchange here today, the net revenue increased by 9 per cent to Rs 4,430 crore from Rs 4,060 crore in the quarter ended June 30, 2007. The escalation in fuel prices and bunching of capacity expected in the next couple of years based on announced plans, are expected to impact the margins of the company's cement business, the release said. However, the additional volumes arising from the new capacities, which will become operational during the current year, should compensate for the decline in margins, it said. Further, the impetus on development of infrastructure by the government should bode well for the cement business in the long term, the release added. |
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