Birla Corp net up 52%
Despite lower sales, realisation for the March quarter was up 3.9% year on year at Rs 4,795 per ton
- Published 23.05.20, 6:43 AM
- Updated 23.05.20, 7:31 AM
- a few seconds read
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.