Birla Corporation's December quarter net profit jumps 82 per cent

The company, however, faced cost pressure in the December quarter, with an increase in raw material, power and fuel costs

Birla Corporation recorded an 82.1 per cent (year-on-year) jump in net profit in the December quarter to Rs 148.42 crore on the back of a 3.2 per cent growth in sales by volume, cost rationalization and higher sales of premium products.

The company’s revenue for the December quarter at Rs 1,822.82 crore represented a five per cent growth, while EBITDA at Rs 375.94 crore was up 19.4 per cent over the same period last year. Cash profit for the December quarter at Rs 302.99 crore was up 39.5 per cent year-on-year.

Birla Corporation Limited’s sales by volume for the December