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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. ....
Birla Corp Q3 net profit up 82pc to Rs 148cr Published: Share Tweet Recipient s Name Send 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. Kolkata: 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. ....