Birla Corp Q3 net profit up 82pc to Rs 148cr

    Kolkata, Jan 23 (PTI) MP Birla Group flagship Birla
Corporation Ltd on Saturday said its consolidated net profit
jumped 82.1 per cent year-on-year to Rs 148.42 crore for the
third quarter of the current fiscal on the back of cost
rationalisation and higher sales.
    The cement maker had posted a net profit of Rs 81.49
crore in the year-ago period.
    The company's revenue from operations during the
December quarter of the current fiscal was at Rs 1,776 crore
with volume rising by 3.2 per cent to 3.55 million tonnes.
    This was achieved through a mix of cost
rationalisation and improved operating efficiency, aided by a
modest recovery in cement demand, it said.
    "Birla Corporation Ltd's sales by volume for the
December quarter rose 3.2 per cent to 3.55 million tonnes,
boosting capacity utilisation to 92 per cent from 88 per cent
in the same period last year," the company said in a
    The Kolkata-headquartered company claimed that its
capacity utilisation for the October-December period of the
current financial year was one of the highest in the industry.
    Despite severe disruptions in the first quarter owing
to the COVID-19 pandemic, the company has managed to boost its
profitability. Its net profit for the nine months till
December has grown by 22.7 per cent to Rs 380 crore over the
same period last year. PTI BSM

(This story has not been edited by THE WEEK and is auto-generated from PTI)