Mumbai/IBNS, Aug. 13 -- Shares of Grasim Industries fell around 3 per cent on Thursday despite the company reporting a strong turnaround in profitability for the June quarter (Q1 FY27), media reports said.

The stock was trading at around Rs.3,234.60 apiece soon after the opening bell.

For Q1 FY27, Grasim Industries reported a consolidated net profit of Rs.3,846.28 crore, marking a 38.8 per cent year-on-year increase from Rs.2,770.63 crore in the corresponding quarter of the previous fiscal.

The company's revenue from operations rose 21.4 per cent year-on-year to Rs.48,716.20 crore.

Grasim's consolidated EBITDA stood at Rs.8,077 crore during the quarter, marking its highest-ever quarterly EBITDA.

On a standalone basis, Grasim Industri...