Birla Corporation back in black, posts Rs 27.4 cr net in Q3

Better show despite higher input costs, net sales up 12.1%; firm had a Rs 22 cr loss in the year-ago quarter

Despite the rise in prices of key inputs such as coal and petcoke, Birla Corporation posted a Rs 27.4 crore net profit and a 12.1 per cent increase in net sales at Rs 1,556.9 crore for the quarter ended December 31, 2018 backed by sales and better realisations in its key markets.

The net revenue during the similar quarter of the last fiscal year stood at Rs 1,387.8 crore while the company incurred a loss of Rs 21.8 crore.

The MP Birla Group company’s consolidated EBITDA for the December quarter shot up by 48.3 per cent to Rs 217.7 crore over the