Birla Corporation posts Q3 loss of Rs 49.91 cr on higher production cost

Birla Corporation, M P Birla group flagship firm, on Saturday posted a consolidated net loss of Rs 49.91 crore in Q3FY23 on account of higher production cost. In the year-ago period it had recorded a net profit of Rs 60.45 crore.
 

Total revenue at Rs 2,024 crore, including sales from the Mukutban unit (of subsidiary, RCCPL), which started commercial operations in the current financial year, was higher by 15.2 per cent. On a comparable basis, Birla Corporation said, consolidated revenue was up by 9 per cent year-on-year (YoY).

Consolidated cement sales by volume for the quarter was up 11 per