Birla Corp’s Q2 net sales at Rs 802 crore

The flagship Company of the M P Birla Group and cement major, Birla Corporation Limited, has achieved cement production of 19.65 lakh tons (19.10 lakh tons) during the second quarter of the current fiscal. Net sales/income from operations stood at Rs 801.78 crores (Rs 767.11 crores). The despatch of cement stood at 19.59 lakh tons (19.12 lakh tons).

Profit before exceptional items was at 55.16 crores, 30% higher than the previous corresponding quarter. Profit for the quarter was impacted by exceptional items, amounting to Rs 27.95 crores, relating to excise duty and contribution to the District Mineral Foundation and National Mineral Exploration Trust.

The Profit after Tax was Rs 18.48 crores against Rs 32.46 crores in the previous corresponding quarter. Chairman  Harsh V Lodha said on Monday that the cement market was subdued during the quarter under review. This affected the performance of the company, denting the profit margin.