Cement & Cement Products company Grasim Industries announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24 Revenue: Rs 31,965 crore, showing a growth of 12% compared to Q3FY23. EBITDA: Rs 5,150 crore, increased by 34% from Q3FY23. PAT: Rs 1,514 crore, showing a substantial growth of 48% compared to Q3FY23. Consolidated 9MFY24 Revenue: Rs 93,251 crore, showing a growth of 11% compared to 9MFY23. EBITDA: Rs 14,640 crore, increased by 14% from 9MFY23. PAT: Rs 4,255 crore, showing a growth of 7% compared to 9MFY23. Viscose Business Viscose business revenue increased by 17% YoY to Rs 3,715 crore for Q3FY24, with an EBITDA jump of 535% YoY to Rs 402 crore Viscose Filament Yarn business saw margins decline due to lower sales volume and increased imports from China. Chemicals Business Chemicals Business maintained a steady revenue QoQ, but experienced a 23% decline YoY to Rs 1,996 crore in Q3FY24. EBITDA for Chemicals was up by 12% QoQ but down by 46% YoY at Rs 264 crore Cement Subsidiary (UltraTech Cement) Cement sales volume increased by 6% YoY with consolidated net sales reaching Rs 16,740 crore, marking a YoY increase. Notably, the PAT surged by 68% YoY to Rs 1,777 crore Financial Services Subsidiary (Aditya Birla Capital) Revenue and PAT for the subsidiary escalated by 27% and 39% YoY to Rs 8,800 crore and Rs 736 crore, respectively. The lending portfolio grew significantly, marking a 34% YoY increase to Rs 1,15,139 crore Clean Energy Solutions Subsidiary (ABREL) ABREL's revenue for Q3FY24 rose by 32% YoY to Rs 92 crore while EBITDA stood at Rs 46 crore Sustainability Initiatives Grasim's Viscose business ranked #1 in Canopy's Hot Button Report 2023. The company has committed to conserving forests and promoting circular solutions, including the launch of recycled Lyocell fiber. Result PDF