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Grasim Industries shares surge 4% after robust Q4 profit, up 28% YoY
Grasim Industries shares saw a significant jump after the company announced robust fourth-quarter earnings and record annual revenue. Growth was broad-based across its paints, chemicals, fibres, cement, and financial services businesses. Consolidated net profit rose 28% year-on-year for Q4FY26. Full-year profit increased 33% to Rs 10,300 crore. Annual revenue hit an all-time high of Rs 1,75,430 crore.
Ambuja Cements Q4 net profit surges 37%
Ambuja Cements announced strong March quarter earnings. Net profit surged over 37 percent year-on-year. This growth was significantly boosted by a substantial tax credit. Sales volume reached an all-time high, alongside record revenue. The company noted ongoing cost pressures from fuel and packaging. These challenges are expected to persist into the first half of FY27.
Block Deals: AP Asia Opportunistic Holdings sells 3.4% stake in JSW Cement; Madison India pares 2.2% shares in Pine Labs
JSW Cement shares on Friday saw the biggest single-day rally since the debut on the bourses on August 11, 2025, rising 12.03 percent to finish at Rs 137.99, while Pine Labs hit all-time low, closing 6.32 percent down at Rs 142.84 amid high volumes.