Birla Corporation Limited concluded FY24-25 with robust quarterly production and sales by volume, which resulted in a consolidated net profit for the March quarter, growing 33%
year-on-year (yoy), to Rs 257 crore. This came after three challenging quarters that had affected the entire industry. An uptick in demand and prices during the quarter led to better realization and a higher capacity utilization of 105% in the March quarter.
Though realization for the quarter at Rs 5,103 per ton was still marginally lower than the same period last year (Rs 5,178 per ton) owing to the changed geographical mix, consolidated revenue for the quarter at Rs 2,863 crore was 7% higher yoy. EBITDA per ton rose to Rs 1,014–one of the highest in recent years. It represents a growth of 5% yoy and 78% sequentially. The Cement Division’s operating profit margin was 20% for the March quarter, compared to 18.6% in the same period last year, and 14% for the full year (15.5% in FY23-24).
“Our capacity utilization in central and eastern India is more than 100%,” said Shri Harsh V. Lodha, Chairman. “We expect cement demand to grow at a CAGR of 6-7% over the next few years. To improve our leadership position in high growth markets, we are ready for the next phase of growth. Addition of fresh capacity will have a favourable impact on profitability as well as reduce lead distances, with grinding units located closer to the market.”