 "Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low")
MP Birla group's flagship company Birla Corporation Ltd on Friday reported a 53 per cent fall in its net profit to Rs 66 crore for the first quarter of the current financial year.
It had posted a net profit of Rs 141 crore in the year-ago period, the company said in a statement.
The company's revenue was also down by around 35 per cent year-on-year to Rs 1,241 crore during the period under review.
The Kolkata-headquartered firm said that the results show the impact of the severe disruptions in key markets in the wake of the coronavirus pandemic.
The construction
