Aditya Birla Group firm Grasim Industries today reported a consolidated net profit of Rs 506.68 crore for the fourth quarter ended March.

The company had posted a net profit of Rs 679.27 crore a year ago.

Net sales stood at Rs 8,706.41 crore for the quarter under review whereas the same was at Rs 8,245.45 crore in the year-ago period, Grasim Industries said in a filing to BSE.

For the full year ended March 31, the company posted a net profit of Rs 1,743.80 crore against Rs 2,071.54 crore for 2013-14.

Net sales came in at Rs 32,437.63 crore for 2014-15, compared with Rs 29,003.74 crore for the year to March-end, 2014.

“Financial results of UltraTech Cement Ltd, a subsidiary of the company, for the year ended March 31, 2015, include the results of acquired cement units in Gujarat from Jaypee Cement Corporation Ltd with effect from June 12, 2014. As a result, figures for the quarter and year ended March 31, 2015, are strictly not comparable with previous periods,” it added.

The company’s board, which met today, recommended a dividend of Rs 18 per share for 2014-15.

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