Birla Corporation Q4 net rises 26 pc to Rs 72.62 cr

KOLKATA: Birla Corporation Ltd today reported over 26 per cent increase in net profit at Rs 72.62 crore for the fourth quarter ended March 31, 2013.

The M P Birla group company's net profit stood at Rs 57.46 crore in the corresponding period a year ago.

The company's turnover during the January-March, 2013 quarter increased marginally by four per cent at Rs 768 crore as compared to Rs 739 crore in the year-ago period.

Birla Corp had achieved its highest-ever cement production and despatches at 64.44 lakh tonnes and 64.67 lakh tonnes, respectively during the full year ended March 31, 2013, Harsh V Lodha, chairman of the company, said in a statement.

The Chanderia unit of the company achieved the highest ever cement production at 25.48 lakh tonnes and sales at 25.03 lakh tonnes in 2012-13, despite suspension of its mining operations, the statement said.

It has achieved a turnover of Rs 2,955 crore in FY'13 against Rs 2,557 crore in 2011-12.

The profit after tax for the financial year 2012-13 rose to Rs 270 crore from Rs 239 crore in 2011-12, with an earnings per share of Rs 35.04 against Rs 31.06 in the previous fiscal, it added.