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The AMC managed an average of Rs 3.8 trillion through its MF schemes during the quarter, reflecting a 29% YoY growth
According to an exchange notice from the business, its activities generated revenue of Rs 30,220.68 crore, up 9.95% from Rs 27,485.54 crore in the same quarter of the previous fiscal year.
The company has lately joined the paints market and is establishing six units across India.
Grasim Industries is taking necessary steps to comply with the order and expects no significant impact on profitability
Grasim had previously committed an investment of Rs 10,000 crore to establish its paints business
During the quarter that ended in June, the company's standalone operating revenue decreased 14% year over year to Rs 6,237.55 crores from Rs 7,253.04 crores in Q1FY23.
In Q4, Paints sector saw revenue rebounding to 12% YoY (3% in Q3), driven by improving demand conditions aided partially by a favorable base.
Asian Paints to face tougher competition from Grasim
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.