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Birla Corporation Ltd board recommends dividend of Rs. 10

Birla Corporation Ltd board recommends dividend of Rs. 10
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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Results: Birla Corp net profit up 28% in Jan-Mar quarter

Results: Birla Corp net profit up 28% in Jan-Mar quarter
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Birla Corporation Ltd posts Rs. 249.33 crores consolidated PAT in Q4FY21

Birla Corporation Ltd posts Rs. 249.33 crores consolidated PAT in Q4FY21
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Birla Corporation net profit up 28% in Jan-Mar quarter due to high sales

Wednesday reported a 28 per cent year-on-year rise in its net profit to Rs 249.33 crore in the fourth quarter ended March 31, 2021, on account of higher capacity utilisation and sales.
The MP Birla Group flagship company had posted a net profit of Rs 194.73 crore in the year-ago period.
The board of the company also approved the issuance of secured redeemable non-convertible debentures aggregating up to Rs 200 crore on a private placement basis in one or more trenches.
The cement maker said sales volume jumped by 24.5 per cent to 4.17 million tonnes during the March quarter and the revenue was at Rs 2,146.12 crore, up by 24.9 per cent over the same period of the previous year. It achieved capacity utilisation of 108 per cent. ....

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Calcutta high court dismisses contempt petitions against Harsh Vardhan Lodha

Calcutta high court dismisses contempt petitions against Harsh Vardhan Lodha
The latest round in this dispute signals the end of another chapter in the legal battle between the Birla and Lodha families over the control of the MP Birla empire
The Calcutta high court on Thursday dismissed a clutch of contempt petitions filed by the Birla family which effectively allowed Harsh Vardhan Lodha to remain on the boards of the listed companies of the MP Birla Group, including flagship Birla Corporation Ltd.
The Birlas had filed five cases against Lodha and four companies contending that the chairman of Birla Corporation had violated a judgment handed down by Justice Sahidhullah Munshi (now retired) by continuing on the boards of these companies and directing their affairs. ....

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