Birla Corp Q3 output at 19.63 lakh tonnes, Net at Rs 793.93 crores

Birla Corporation Limited, the flagship Company of the M P Birla Group and Cement major, has achieved cement production of 19.63 lakh tons (18.05 lakh tons) during the third quarter of the current fiscal. Net Sales/Income from Operations stood at Rs 793.93 crores (Rs 743.18 crores). The despatch of cement stood at 19.65 lakh tons (18.23 lakh tons).

The Profit after Tax was Rs 6.57 crores against Rs 15 crores in the previous corresponding quarter. Profit before exceptional items was Rs 15.84 crores, against Rs 7.61 crores during the previous corresponding quarter.

Chairman Harsh V  Lodha has said after the meeting of the Board of Directors in Kolkata that the company had initiated various cost reduction measures and could optimise on various variable costs, including higher use of pet coke instead of coal at Satna, higher use of fly ash and slag and purchase of power from the exchanges at rates lower than the grid.