Birla Corporation Limited Q3 net at Rs 15 crore

KOLKATA: Birla Corporation Limited today reported a net profit of Rs 15 crore for the Q3 period ended December 2014, almost flat compared to the corresponding period profit of Rs 15.99 crore.

The company in a statement said net sales had jumped to Rs 743 crore during the quarter under review against Rs 709 crore registered in the same quarter of 2013-14.

Cement dispatch during the quarter was 18.22 lakh tonnes similar to the corresponding period of last year.

Commenting on the results in the third quarter Harsh V Lodha, chairman of the company said the cement industry had witnessed a challenging scenario with subdued realisation on one hand and higher input and logistic costs on the other.

Consequent to reduction in availability of linkage coal, the company had to procure coal from the open market as well as take recourse to imports, which had resulted in substantially higher costs of coal, the company said.