Birla Corp PAT at Rs 319.88 cr

Birla Corporation Limited, the flagship company of the M P Birla Group, has achieved a turnover of Rs 2,415 crore, against Rs 2,387 crore in the previous year.

The turnover for the quarter ending March 2011 was Rs 666.30 crore against Rs 671.74 crore during the same period the previous year. The profit after tax during the year under review was lower at Rs 319.88 crore against Rs 557.18 crore the previous year, and that for the fourth quarter of 2010-11 was Rs 63.04 crores (Rs 137.50 crore). The profit was lower mainly on account of lower realization on cement as well as increase in coal and other input costs. The company’s board has declared a final dividend of Rs 3.50 per share in addition to the interim dividend of Rs 2.50 per share already declared and paid.