Birla Corporation net profit up 30% in Q4

Kolkata, May 16 (IANS) Birla Corporation Ltd, the flagship company of MP Birla Group, on Wednesday reported a 30 per cent increase in its consolidated net profit to Rs 131.12 crore in the quarter ended March 31, 2018, as compared to Rs 100.89 crore in the year-ago period.

Its income from operations during the quarter was at Rs 1,650.6 crore, up 16 per cent from Rs 1,420.1 crore in the corresponding period last year.

The cement maker said its earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter were Rs 284.1 crore, up 5 per cent from Rs 269.7 in the corresponding period of previous year.

It said its cement sales for the March quarter stood at 34.1 lakh tonne, compared to 32.8 lakh tonne in same period of previous year, reflecting an increase of 4 per cent.

Its board of directors proposed a dividend of Rs 6.50 per share and the total outgo on account of dividend, including taxes, works out to Rs 60.34 crore.

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