Birla Corporation Q4FY’24 net profit up by 127% to Rs 193 crore

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KOLKATA: Cement main Birla Corporation Ltd introduced a pointy soar in its consolidated net profit to Rs 193 crore, up by 127 per cent, for the quarter ended March 2024. Lower energy and gas prices mitigated the benign value of the development materials in the course of the quarter due to unusually weak market circumstances, the corporate stated.
Consolidated income for the fourth quarter of the 2023-24 fiscal stood at Rs 2,682 crore, marking a 6.8 per cent progress over the identical interval final yr.
Realisation from cement within the March quarter fell marginally by 1.6 per cent year-on-year to Rs 5,178 per tonne.
Birla Corporation, in a press release, talked about that after a gentle ramping up of the Mukutban unit in Maharashtra, its cement division, achieved capability utilisation of 97 per cent for the March quarter.
Cement costs remained weak via the final two quarters owing to a number of components and disruptions comparable to Assembly elections in key geographies, officers stated.
The firm’s wholly-owned subsidiary, RCCPL Private Ltd, accredited an funding of Rs 425 crore to increase the capability of its Kundanganj unit by 1.4 million tonnes inside two years.
“A third of the proposed investment will come from internal accruals. As cement consumption in India continues to grow, Birla Corporation is rolling out its next phase of capacity addition to increase cement production to 25 million tonnes by fiscal 2026-27,” chairman Harsh Vardhan Lodha stated.
“The investment in capacity-building across functional verticals is reflected in the impressive ramp-up of the Mukutban unit, ahead of the guidance given by the company,” he added, stating that the corporate achieved an total enchancment in efficiency in 2023-24.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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