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

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