Birla Corp Q3 profit surges 82% to ₹148 crore
January 23, 2021
Buoyed by cost rationalisation and higher sales of premium products Birla Corporation Ltd, the MP Birla Group flagship, reported an over 82 per cent increase in consolidated net profit to ₹148 crore for the third quarter ended December 31, 2020. Net profit in the year-ago-period stood at ₹61 crore.
The increase in net profit came on the back of growth in sales volume for the cement division, aggressive cost rationalisation and higher sales of premium products (for cements), the company said in a release.
Borrowing costs were reduced by close to 8 per cent, YoY, for Q3FY21.