The management remained cautious over profitability of cement companies in the near future as it does not anticipate any relief in cost pressure.
Company says it has 'healthy growth in sales by volume in almost every segment and market'.
Revenues for the quarter dipped from Rs 1,823 crore to Rs 1,757 crore as sales volume dropped by 5.6%
The plant is being set up by RCCPL Pvt Ltd, a wholly-owned subsidiary of Birla Corp, at an investment of Rs 2,744 crore
Vinay Rajani of HDFC Securities recommends that traders hold on to their long positions with 17,640 stoploss for the Nifty.
Lower demand in core markets, surge in expenses cited as reasons for muted show
Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike
The Calcutta High Court, on Friday, stayed a criminal petition against "directors or erstwhile directors" on the board of three M P Birla group companies
The APL (Administrators Pendente Lite) committee-backed nominee failed to muster the required votes to make it to the board of Birla Corporation Ltd
Kolkata-based M P Birla Group on Friday said shareholders of its flagship firm Birla Corporation Ltd have approved resolutions supported by the management with overwhelming majority at its AGM
The increase is a new target set by the company, which had earlier said it would raise production to 25 mt by 2025
The AGM of MP Birla group's flagship, Birla Corporation will be held on September 29
Punjab Produce Trading Co (PPTCL), a promoter entity, has proposed Satish Pradhan's name as a director in place of Harsh Vardhan Lodha, who is also in race in Birla Cable board
It took an average of 84 days to clear a project in 2021, compared with 162 days the year before, according to data shared by the ministry
200 firms of the BSE 500 universe are tracked by more brokerages than a year ago
The company said it made up for its loss in production and sales at the beginning of the financial year by aggressively rationalising costs
Birla Corporation Ltd on Wednesday reported a 28 per cent year-on-year rise in its net profit to Rs 249.33 crore in the fourth quarter ended March 31, 2021
Revenues from operations stood at Rs 2,146 crore, up 24.9% YOY and 17.7% over the previous quarter
According to the Lodhas, the 'landmark judgment' clears the decks for Harsh Lodha to continue as the chairman of all companies of the MP Birla Group
The company, however, faced cost pressure in the December quarter, with an increase in raw material, power and fuel costs