Birla Corporation Limited recorded a consolidated revenue of Rs 2,486 crore for the June quarter, up 13% over last year, and delivered a net profit of Rs120 crore, up 264% year-on-year. Sales by volume for the quarter grew 9%.
The Company’s consolidated EBITDA grew 38% to Rs 379 crore from Rs 275 crore in the same period last year. The growth in EBITDA was the result of improved cement sales, lower operating cost and a turnaround in jute.
The Company’s cement sales by volume during the quarter was at 4.79 million tons (mt)
compared to 4.38 mt in the same period last year. Cement sales were affected by early arrival of the monsoon and depressed prices in some of the Company’s core markets in central India.
The Company experienced mixed market conditions in different regions of operations. While
the western and eastern markets were relatively buoyant, price and demand in central India remained muted. Further, the early onset of the monsoon in the later half of the quarter led to deceleration in demand and put pressure on prices across regions.