Latest news with #CSF
Mint
an hour ago
- Business
- Mint
Grasim Q1 profit up 34 pc to ₹2,767 cr, revenue rises to ₹40,118 cr
New Delhi, Aug 8 (PTI) Aditya Birla Group flagship holding firm Grasim Industries Ltd reported an increase of 33.9 per cent in its net profit to ₹ 2,767.08 crore for the June quarter of FY26, led by higher profitability in the cement and chemicals businesses and all-round growth across key businesses. The company has reported a net profit of ₹ 2,065.97 crore for the April-June quarter a year ago, according to a regulatory filing. Its revenue from operations rose 15.9 per cent to ₹ 40,118.08 in the June quarter of FY26. The same stood at ₹ 34,609.75 crore in the corresponding quarter a year before. The nearly 16 per cent growth was "driven by all-round growth across key businesses," Grasim said in its earnings statement. Its "consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) at ₹ 6,430 crore, grew by 36 per cent year-on-year (YoY), mainly led by higher profitability in the Cement and Chemicals businesses, partially offset by initial investments for building a strong consumer-facing paints business, Birla Opus, in line with our expectations." Total expenses of Grasim, which controls companies as UltraTech, Aditya Birla Capital and businesses such as textiles, chemicals and building materials, were at ₹ 36,656.89 crore, up 13.9 per cent in the June quarter. The company's total income, which includes other income, increased 15.89 per cent to ₹ 40,460.18 crore during the June quarter. On a standalone basis, which primarily includes the India business, Grasim's revenue from operations climbed 33.8 per cent to ₹ 9,223.13 crore. This was "led by high growth from new businesses: Paints and B2B Ecommerce, coupled with stable core businesses: Cellulosic Fibres and Chemicals". On the segment, Grasim said, revenue from its Cellulosic Fibre business grew 6.76 per cent to ₹ 4,043.27 crore. "Our domestic CSF (Cellulosic Staple Fibre) sales volumes grew by 2 per cent YoY, though overall CSF sales volume de-grew by 1 per cent YoY at 209 KT due to lower exports," it said. While the CFY (Cellulosic Fashion Yarn) business recorded volume growth of 6 per cent YoY, realisations remained under pressure due to low-priced imports from China. In the segment, higher key input prices, which were passed on partially, have led to a reduction in EBITDA by 20 per cent YoY to ₹ 322 crore. Revenue from the chemicals segment was up 15.7 per cent to ₹ 2,390.57 crore in the June quarter. "EBITDA increased by 36 per cent YoY at ₹ 422 crore driven by higher volume and improved realisation in Caustic Soda and better profitability of Chlorine Derivatives," it said. Its revenue from its Building Material business reported a growth of 22 per cent to ₹ 23,732.93 crore. It was at ₹ 19,450.19 crore in the April-June quarter a year ago. Grasim's 'Building Materials' comprises its Cement business, UltraTech, its newly launched paints business Birla Opus and its B2B e-commerce business Birla Pivot. "Consolidated sales volumes of the Cement business were up by 9.7 per cent YoY to 36.83 MT and ready-mix concrete sales volumes grew by 20 per cent YoY. UltraTech Building Solutions (UBS) outlets increased to 4,802, contributing 21 per cent of total domestic grey cement sales volume," it said. While its decorative paints business Birla Opus reported double-digit growth in revenue on a quarter-on-quarter (QoQ) basis. Similarly, revenue from the financial services segment -- Aditya Birla Capital Ltd (ABCL) -- climbed 7.73 per cent to ₹ 9,487.92 crore. It was at ₹ 8,806.85 crore in the June quarter a year ago. "The overall lending portfolio (NBFC and HFC) increased by 30 per cent YoY to ₹ 1,65,832 crore. The total AUM (AMC, life insurance and health insurance) grew by 20 per cent YoY to ₹ 5,53,504 crore," it said. Grasim's revenue from other businesses, which includes textiles, renewables, and insulators, rose 8.41 per cent to ₹ 865.18 crore during the said quarter. On the outlook, the company said it stands to gain considerably from India's broad-based economic momentum. "The Government's ambitious agenda for a Viksit Bharat, rooted in infrastructure expansion, a resurgence in domestic manufacturing, formalisation of the financial system, and rising disposable incomes, creates fertile ground for sustained demand," it said
Mint
2 hours ago
- Business
- Mint
Grasim Q1 profit up 34 pc to ₹2,767 cr, revenue rises to ₹40,118 cr
New Delhi, Aug 8 (PTI) Aditya Birla Group flagship holding firm Grasim Industries Ltd reported an increase of 33.9 per cent in its net profit to ₹ 2,767.08 crore for the June quarter of FY26, led by higher profitability in the cement and chemicals businesses and all-round growth across key businesses. The company has reported a net profit of ₹ 2,065.97 crore for the April-June quarter a year ago, according to a regulatory filing. Its revenue from operations rose 15.9 per cent to ₹ 40,118.08 in the June quarter of FY26. The same stood at ₹ 34,609.75 crore in the corresponding quarter a year before. The nearly 16 per cent growth was "driven by all-round growth across key businesses," Grasim said in its earnings statement. Its "consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) at ₹ 6,430 crore, grew by 36 per cent year-on-year (YoY), mainly led by higher profitability in the Cement and Chemicals businesses, partially offset by initial investments for building a strong consumer-facing paints business, Birla Opus, in line with our expectations." Total expenses of Grasim, which controls companies as UltraTech, Aditya Birla Capital and businesses such as textiles, chemicals and building materials, were at ₹ 36,656.89 crore, up 13.9 per cent in the June quarter. The company's total income, which includes other income, increased 15.89 per cent to ₹ 40,460.18 crore during the June quarter. On a standalone basis, which primarily includes the India business, Grasim's revenue from operations climbed 33.8 per cent to ₹ 9,223.13 crore. This was "led by high growth from new businesses: Paints and B2B Ecommerce, coupled with stable core businesses: Cellulosic Fibres and Chemicals". On the segment, Grasim said, revenue from its Cellulosic Fibre business grew 6.76 per cent to ₹ 4,043.27 crore. "Our domestic CSF (Cellulosic Staple Fibre) sales volumes grew by 2 per cent YoY, though overall CSF sales volume de-grew by 1 per cent YoY at 209 KT due to lower exports," it said. While the CFY (Cellulosic Fashion Yarn) business recorded volume growth of 6 per cent YoY, realisations remained under pressure due to low-priced imports from China. In the segment, higher key input prices, which were passed on partially, have led to a reduction in EBITDA by 20 per cent YoY to ₹ 322 crore. Revenue from the chemicals segment was up 15.7 per cent to ₹ 2,390.57 crore in the June quarter. "EBITDA increased by 36 per cent YoY at ₹ 422 crore driven by higher volume and improved realisation in Caustic Soda and better profitability of Chlorine Derivatives," it said. Its revenue from its Building Material business reported a growth of 22 per cent to ₹ 23,732.93 crore. It was at ₹ 19,450.19 crore in the April-June quarter a year ago. Grasim's 'Building Materials' comprises its Cement business, UltraTech, its newly launched paints business Birla Opus and its B2B e-commerce business Birla Pivot. "Consolidated sales volumes of the Cement business were up by 9.7 per cent YoY to 36.83 MT and ready-mix concrete sales volumes grew by 20 per cent YoY. UltraTech Building Solutions (UBS) outlets increased to 4,802, contributing 21 per cent of total domestic grey cement sales volume," it said. While its decorative paints business Birla Opus reported double-digit growth in revenue on a quarter-on-quarter (QoQ) basis. Similarly, revenue from the financial services segment -- Aditya Birla Capital Ltd (ABCL) -- climbed 7.73 per cent to ₹ 9,487.92 crore. It was at ₹ 8,806.85 crore in the June quarter a year ago. "The overall lending portfolio (NBFC and HFC) increased by 30 per cent YoY to ₹ 1,65,832 crore. The total AUM (AMC, life insurance and health insurance) grew by 20 per cent YoY to ₹ 5,53,504 crore," it said. Grasim's revenue from other businesses, which includes textiles, renewables, and insulators, rose 8.41 per cent to ₹ 865.18 crore during the said quarter. On the outlook, the company said it stands to gain considerably from India's broad-based economic momentum. "The Government's ambitious agenda for a Viksit Bharat, rooted in infrastructure expansion, a resurgence in domestic manufacturing, formalisation of the financial system, and rising disposable incomes, creates fertile ground for sustained demand," it said Shares of Grasim Industries Ltd on Friday settled at ₹ 2,690.20 apiece on the BSE, down 1.94 per cent from the previous close.
News18
3 hours ago
- Business
- News18
Grasim Q1 profit up 34 pc to Rs 2,767 cr, revenue rises to Rs 40,118 cr
New Delhi, Aug 8 (PTI) Aditya Birla Group flagship holding firm Grasim Industries Ltd reported an increase of 33.9 per cent in its net profit to Rs 2,767.08 crore for the June quarter of FY26, led by higher profitability in the cement and chemicals businesses and all-round growth across key businesses. The company has reported a net profit of Rs 2,065.97 crore for the April-June quarter a year ago, according to a regulatory filing. Its revenue from operations rose 15.9 per cent to Rs 40,118.08 in the June quarter of FY26. The same stood at Rs 34,609.75 crore in the corresponding quarter a year before. The nearly 16 per cent growth was 'driven by all-round growth across key businesses," Grasim said in its earnings statement. Its 'consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) at Rs 6,430 crore, grew by 36 per cent year-on-year (YoY), mainly led by higher profitability in the Cement and Chemicals businesses, partially offset by initial investments for building a strong consumer-facing paints business, Birla Opus, in line with our expectations." Total expenses of Grasim, which controls companies as UltraTech, Aditya Birla Capital and businesses such as textiles, chemicals and building materials, were at Rs 36,656.89 crore, up 13.9 per cent in the June quarter. The company's total income, which includes other income, increased 15.89 per cent to Rs 40,460.18 crore during the June quarter. On a standalone basis, which primarily includes the India business, Grasim's revenue from operations climbed 33.8 per cent to Rs 9,223.13 crore. This was 'led by high growth from new businesses: Paints and B2B Ecommerce, coupled with stable core businesses: Cellulosic Fibres and Chemicals". On the segment, Grasim said, revenue from its Cellulosic Fibre business grew 6.76 per cent to Rs 4,043.27 crore. 'Our domestic CSF (Cellulosic Staple Fibre) sales volumes grew by 2 per cent YoY, though overall CSF sales volume de-grew by 1 per cent YoY at 209 KT due to lower exports," it said. While the CFY (Cellulosic Fashion Yarn) business recorded volume growth of 6 per cent YoY, realisations remained under pressure due to low-priced imports from China. In the segment, higher key input prices, which were passed on partially, have led to a reduction in EBITDA by 20 per cent YoY to Rs 322 crore. Revenue from the chemicals segment was up 15.7 per cent to Rs 2,390.57 crore in the June quarter. 'EBITDA increased by 36 per cent YoY at Rs 422 crore driven by higher volume and improved realisation in Caustic Soda and better profitability of Chlorine Derivatives," it said. Its revenue from its Building Material business reported a growth of 22 per cent to Rs 23,732.93 crore. It was at Rs 19,450.19 crore in the April-June quarter a year ago. Grasim's 'Building Materials' comprises its Cement business, UltraTech, its newly launched paints business Birla Opus and its B2B e-commerce business Birla Pivot. 'Consolidated sales volumes of the Cement business were up by 9.7 per cent YoY to 36.83 MT and ready-mix concrete sales volumes grew by 20 per cent YoY. UltraTech Building Solutions (UBS) outlets increased to 4,802, contributing 21 per cent of total domestic grey cement sales volume," it said. While its decorative paints business Birla Opus reported double-digit growth in revenue on a quarter-on-quarter (QoQ) basis. Similarly, revenue from the financial services segment — Aditya Birla Capital Ltd (ABCL) — climbed 7.73 per cent to Rs 9,487.92 crore. It was at Rs 8,806.85 crore in the June quarter a year ago. 'The overall lending portfolio (NBFC and HFC) increased by 30 per cent YoY to Rs 1,65,832 crore. The total AUM (AMC, life insurance and health insurance) grew by 20 per cent YoY to Rs 5,53,504 crore," it said. Grasim's revenue from other businesses, which includes textiles, renewables, and insulators, rose 8.41 per cent to Rs 865.18 crore during the said quarter. On the outlook, the company said it stands to gain considerably from India's broad-based economic momentum. 'The Government's ambitious agenda for a Viksit Bharat, rooted in infrastructure expansion, a resurgence in domestic manufacturing, formalisation of the financial system, and rising disposable incomes, creates fertile ground for sustained demand," it said Shares of Grasim Industries Ltd on Friday settled at Rs 2,690.20 apiece on the BSE, down 1.94 per cent from the previous close. PTI KRH KRH SHW view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Times
01-08-2025
- Business
- Business Times
Singapore's temporal sovereignty: How SG60 reveals the future of statecraft
POLITICAL science has long understood sovereignty as control over territory, people and resources. But Singapore's SG60 initiatives reveal something unprecedented in statecraft: temporal sovereignty – the systematic capacity to govern across multiple time horizons simultaneously. The SG60 package demonstrates governance operating on 60-year strategic cycles while executing immediate interventions, representing not just effective policy, but the evolution of governance itself. SG60: Long-term thinking in action A closer look at the package reveals Singapore's temporal sovereignty in action. The S$1 billion hawker centre investment operates on 20 to 30-year horizons, anticipating generational cultural preservation needs while creating immediate jobs and long-term tourism assets. The S$600 million in charity matching funds creates sustainable philanthropic ecosystems that will strengthen Singapore's social fabric for decades. The SG Culture Pass and ActiveSG credits build long-term consumption habits while providing immediate revenue to their respective industries. This approach is driven by institutions such as Singapore's Centre for Strategic Futures (CSF). The CSF's methodology goes beyond traditional forecasting to address sudden disruptions and long-term trends simultaneously. Recent research in the European Journal of Futures Research by economics professor Ceyhun Elgin highlights Singapore's institutional design as exemplifying how governments can build genuine long-term planning capabilities. The SG60 voucher distribution reveals this sophisticated approach applied to economic policy. Rather than simple stimulus, the vouchers channel spending toward heartland businesses and hawker centres, strengthening local commercial ecosystems. The timing, disbursed from July 2025 with validity through 2026, creates sustained economic activity patterns rather than temporary boosts. This demonstrates using today's policy tools to shape future economic behaviour. Institutional advantages for business and investment Singapore's ability to achieve temporal sovereignty stems from specific institutional innovations that create decades of policy certainty. The integration of strategic planning throughout government represents a fundamental departure from treating long-term thinking as a specialised function. Research commissioned by the UK Government Office for Science noted that in Singapore, strategic thinking skills are core parts of civil service training, creating systematic planning capacity rather than isolated expertise. For businesses, this means rare policy predictability, an advantage exemplified by the SG60 hawker centre investment. Building on UNESCO's recognition of Singapore's hawker culture, the S$1 billion commitment creates sustained opportunities for food, tourism and property development. This provides an investment certainty that is a luxury in most democracies, where projects are vulnerable to electoral cycles. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Singapore's Strategy Group, established in 2015 under the Prime Minister's Office, coordinates complex issues cutting across ministry boundaries. This enables the policy integration seen in SG60: using immediate economic relief to support medium-term business development while building long-term cultural assets. The CSF's 'Early Warning Systems' analyse risks and build response capabilities before crises emerge. This forward-looking approach is also reflected in the SG60 charity matching funds, which strengthen community capacity to reduce future fiscal burdens while creating opportunities for impact investment and corporate social responsibility partnerships. Why other systems struggle with long-term planning Most democratic systems face structural challenges in maintaining policy continuity across electoral transitions. The UK's experience illustrates these challenges. Despite operating a Foresight unit for more than 20 years, major infrastructure projects like HS2, a new highspeed railway, face discontinuity pressures when new administrations reassess predecessors' commitments. Long-term projects are vulnerable to partisan politics, making them subject to cancellation when power changes hands. Singapore's system faces the same five-year electoral cycle but has developed institutional mechanisms that insulate strategic planning from political disruption. The continuity comes from strong technocratic institutions, sustained electoral mandate, and a political culture that prioritises long-term national outcomes over short-term political positioning. Singapore's electorate has consistently demonstrated remarkable policy patience, re-electing leaders based on long-term performance rather than demanding immediate gratification. This electoral patience allows leaders to make genuinely strategic decisions without the populist pressures that constrain policymaking in many democracies. In Singapore, new leaders inherit and build upon existing strategic frameworks, ensuring policy continuity that transcends individual political careers while maintaining democratic legitimacy through regular electoral validation. Continued payoffs The business implications of this multi-generational strategy are direct. The SG60 Culture Pass, for instance, encourages arts engagement and builds long-term consumption habits, creating predictable customer pipelines for creative industries and cultural enterprises. Similarly, Singapore's charity matching approach through the S$250 million SG Gives grant fosters a robust philanthropic ecosystem, opening new avenues for corporate partnerships and impact investing. For multinational corporations, Singapore's temporal sovereignty offers rare planning certainty. Institutional continuity enables businesses to make longer term investments with confidence in policy stability. The hawker centre modernisation program, for example, provides construction, technology, and hospitality companies with predictable pipeline opportunities across decades. The evolution of statecraft and global implications Singapore's temporal sovereignty represents genuine innovation in governance theory. Traditional sovereignty assumed control of physical territory and populations. The city-state has pioneered systematic governance across time dimensions that enables proactive rather than reactive policy approaches. For businesses operating globally, Singapore's model suggests the competitive advantages of countries that can provide policy certainty across extended time horizons. As supply chains become more complex and investment cycles longer, jurisdictions offering predictable regulatory environments will attract increasing capital flows. Effective modern governance requires the ability to optimise across multiple time horizons while maintaining social cohesion and economic dynamism. Singapore's institutional innovations – embedding strategic planning, creating policy continuity mechanisms, and designing multi-generational strategies – provide valuable models for governance evolution. In an era of increasing global uncertainty, Singapore's mastery of temporal sovereignty offers both a competitive model for governments and a stable foundation for business planning across extended time horizons. Singapore's six decades of sustained growth, social stability, and crisis resilience demonstrate that temporal sovereignty delivers superior outcomes for citizens and businesses alike. The writer is a legal academic affiliated with the Singapore University of Social Sciences, University of Reading, Cambridge C-EENRG, and NUS APCEL. He is also a lawyer at RHTLaw Asia
Cision Canada
31-07-2025
- Business
- Cision Canada
Threat Analysis Confirms HITRUST e1, i1, and r2 Controls Mitigate the Most Prevalent Attack Techniques in 2025
FRISCO, Texas, July 31, 2025 /CNW/ -- HITRUST, the leader in cybersecurity assurance, today released its Cyber Threat Adaptive (CTA) Update covering the first half of 2025. The analysis validates that the HITRUST CSF® e1, i1, and r2 assessment requirements once again cover 100% of the real-world techniques adversaries used most often from January 1 – June 30, 2025, with no control gaps identified against the five dominant MITRE ATT&CK® techniques. HITRUST's Cyber Threat Adaptive (CTA) program systematically analyzes real-world threat intelligence, breach data, and adversary behavior to ensure that control requirements in the HITRUST CSF remain effective to actual cyber threats. Key findings from the H1 2025 CTA analysis 220,000+ threat indicators compiled from 4,100+ threat-intel articles were mapped to ≈41,000 MITRE ATT&CK technique/mitigation pairs—providing the most complete view yet of attacker behavior in 2025. The e1, i1, and r2 control selections covered 100 % of the top five techniques observed—Phishing (T1566), Drive-by Compromise (T1189), Exploit Public-Facing Application (T1190), Exploitation of Remote Services (T1210), and Event-Triggered Execution (T1546). 435 publicly reported breaches were analyzed; phishing remained the lead initial-access vector, typically resulting in data exfiltration or ransomware deployment. Recommended priority actions include advanced phishing awareness training, timely anti-malware updates, disciplined vulnerability remediation, and comprehensive network/endpoint monitoring. "Attackers don't wait for annual framework updates, so neither can defenders. Our semiannual analysis shows that HITRUST-certified organizations remain a step ahead because their controls evolve at the speed of the threat landscape," said Andrew Russell, Vice President of Standards, at HITRUST. "By mapping more than 220,000 fresh indicators to MITRE ATT&CK, we verified that every high-frequency technique in H1 2025 is mitigated by our e1, i1, and r2 requirements—often by multiple overlapping controls that deliver true defense-in-depth." Why it matters HITRUST's CTA program continuously stress-tests CSF controls against live threat intelligence—ensuring organizations that certify to the e1, i1, or r2 are protected by relevant, reliable, and proven safeguards rather than static "checkbox" frameworks. It also eliminates the need for relying parties to augment a HITRUST assurance report with a questionnaire to ensure it covers relevant and emerging cyber threats as is needed with other assurance reports. This approach underpins HITRUST's commitment to: Relevant Controls – continuously evaluated to ensure effective mitigations against known and emerging cyber threats Reliable Assurance – validated by consistent, rigorous assessment standards Proven Risk Mitigation – fewer than 1% of HITRUST-certified environments reported breaches in the past two years Download the full report A detailed breakdown of technique-to-control mappings, breach case studies, and actionable mitigation guidance is available in the H1 2025 Cyber Threat Adaptive Analysis. About HITRUST HITRUST, the leader in cybersecurity assurance used in risk management and compliance, offers certification programs for the application and validation of security, privacy, and AI controls. Informed by over 60 standards and frameworks, the company's threat-adaptive approach delivers the most relevant and reliable solutions, including multiple selectable and traversable assessments and certifications, an ecosystem of over 100 independent assessment firms, centralized quality reviews, reporting and certification, and a powerful SaaS platform enabling its program and process. For over 17 years, HITRUST has led the assurance industry and today is widely recognized as the most trusted solution to establish, maintain, and demonstrate security capabilities for risk management and compliance. For media inquiries, please contact: Leslie Kesselring Kesselring Communications for HITRUST [email protected] 503-358-1012 SOURCE HITRUST Services Corp.
