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Birla Corp PBT drops 61% to Rs 85 cr in Q1 due to disruptions in operations

Revenues (including other income), at Rs 1,241 crore, declined 34.7 per cent year-on-year as sales by volume dropped by more than 33 per cent to 2.4 million tonnes

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Cash profit and net profit for the quarter at Rs 172 crore and Rs 66 crore, respectively, were on account of a turnaround in end May and June.

Ishita Ayan Dutt Kolkata
Birla Corporation recorded a 61.44 per cent drop in profit before tax to Rs 84.52 crore in the June quarter due to widespread disruptions in operations in key markets.

Revenues (including other income), at Rs 1,241 crore, declined 34.7 per cent year-on-year as sales by volume dropped by more than 33 per cent to 2.4 million tonnes. 

The operations of plants stood suspended for nearly the entire month of April and sales during the period were negligible. Though things started to move in May, it was only in the latter half of the month that operations normalised, the company said.