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Birla Corporation posts its best ever pre-tax profit of Rs 219 crore in Q1

Pre-tax profit in the June quarter increased from Rs 89 crore to Rs 219 crore, rising 147% year-on-year

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Birla Corporation | Q1 earnings

Avishek Rakshit  |  Kolkata 

Birla Corporation, on Friday, posted its best ever pre-tax profit in a quarter helped by volume growth and higher realisations from cement sales. The company's pre-tax profit jumped Rs 89 crore in the June quarter (Q1) to Rs 219 crore, rising 147 per cent.

The M P Birla Group flagship company’s June quarter net profit jumped 68 per cent to Rs 141 crore, while Q1 EBIDTA stood at Rs 402 crore – a 49 per cent increase over the corresponding period last year. Revenue jumped by 14 per cent to touch Rs 1,844 crore. Aggressive pricing in key markets and upgrading consumers ...

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First Published: Fri, August 02 2019. 19:28 IST
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