Birla’s Net Profit Up 52%
Birla Corporation reported 52 per cent rise in March quarter consolidated net profit at Rs 194.73 crore, helped by lower fuel costs and improvement in efficiency and cost rationalisation. It had posted a net profit of Rs 128.19 crore in January-March 2018-19, Birla Corporation said in a BSE filing. However, revenue from operation was down 9.76 per cent to Rs 1,689.97 crore during the quarter under review as against Rs 1,872.76 crore earlier. The company reported higher profits during March quarter with EBITDA for the quarter being higher by 11.7 per cent over the previous year at Rs 373 crore, despite loss of volumes since March 22 due to the situation arising out of COVID-19.
Tags : ALLIED Birla Corporation COVID-19 Birla Profit Up 52% cost rationalisation