Birla Corp posts PAT of Rs 84.74 crore in Q1

Cement maker Birla Corporation has registered net profit after tax (PAT) of Rs 84.74 crore for the quarter ended June 30, 2012. This is a 24.26 per cent decline over the corresponding quarter last fiscal when the PAT stood at Rs 111.88 crore. Net sales rose 18.14 per cent to Rs 658.02 crore this quarter vis-à-vis Rs 556.97 crore in the same period last fiscal. According to the Harsh V. Lodha, chairman, Birla Corporation, profits have seen a negative impact because of closure of limestone mining at its Chanderia Units on account of the Jodhpur High Court order.