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Birla Corporation net profit up 30% in Q4

IANS  |  Kolkata 

Ltd, the flagship company of MP Birla Group, on Wednesday reported a 30 per cent increase in its consolidated net profit to Rs 131.12 crore in the quarter ended March 31, 2018, as compared to Rs 100.89 crore in the year-ago period.

Its income from operations during the quarter was at Rs 1,650.6 crore, up 16 per cent from Rs 1,420.1 crore in the corresponding period last year.

The said its earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter were Rs 284.1 crore, up 5 per cent from Rs 269.7 in the corresponding period of previous year.

It said its for the March quarter stood at 34.1 lakh tonne, compared to 32.8 lakh tonne in same period of previous year, reflecting an increase of 4 per cent.

Its board of directors proposed a dividend of Rs 6.50 per share and the total outgo on account of dividend, including taxes, works out to Rs 60.34 crore.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 20:16 IST