BIRLA CORPORATION'S NET PROFIT UP 88.6%
Birla Corporation Limited's September quarter EBITDA and cash profit jumped to a record high thanks to sustained cost rationalization initiatives and a better-than-expected recovery in cement demand in key markets. The company's net profit for the quarter at Rs 166.62 crore was up 88.6% over the same period last year. “It is a matter of
Birla Corporation Limited's September quarter EBITDA and cash profit jumped to a record high thanks to sustained cost rationalization initiatives and a better-than-expected recovery in cement demand in key markets. The company's net profit for the quarter at Rs 166.62 crore was up 88.6% over the same period last year. “It is a matter of great satisfaction that the units under RCCPL, which we acquired in 2016, today rank amongst the most efficient and profitable cement plants in the country, making Birla Corporation Limited one of the market leaders in central India,” said Harsh Vardhan Lodha, Chairman, Birla Corporation Limited. “This is the result of sustained efforts put in by our management under the guidance of the company's board. Over the years, we have taken several steps to make our cement business more efficient, sustainably profitable and more resilient to vagaries of the market. A lot has been achieved, and we have a clear plan charted out on how to make Birla Corporation Limited more competitive. We have also discussed with our board and finalized a plan to scale up our capacity to 25 million tons by 2025.”
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