Birla Corp net up 52%

Birla Corporation, the flagship company of the MP Birla group, has reported a 52 per cent rise in net profit for the fourth quarter of 2019-20 with better realisation despite a drop in volume towards the end of March because of the lockdown.

Net profit for the March quarter was Rs 195 crore against Rs 128 crore a year ago.

Total income at Rs 1,718 crore was down 9.4 per cent year-on-year as despatches were suspended towards the end of the financial year.

Despite lower sales, realisation for the March quarter was up 3.9 per cent year-on-year at Rs 4,795 per ton.