Financials Birla Corporation Limited

Equities

BIRLACORPN

INE340A01012

Construction Materials

Market Closed - Bombay S.E. Other stock markets 03:30:46 06/02/2026 pm IST			5-day change	1st Jan Change
1,077.90 ^INR	-0.32%		+1.80%	+1.29%

31/01	Birla Corporation Limited, Q3 2026 Earnings Call, Jan 31, 2026
31/01	Birla Corporation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

Projected Income Statement: Birla Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	67,854	74,612	86,823	96,627	92,145	96,054	1,02,713	1,08,663
Change	-	9.96%	16.37%	11.29%	-4.64%	4.24%	6.93%	5.79%
EBITDA ¹	13,376	11,100	7,720	14,376	12,172	14,047	15,864	17,286
Change	-	-17.01%	-30.45%	86.22%	-15.33%	15.4%	12.93%	8.96%
EBIT ¹	9,668	7,131	2,621	8,593	6,454	8,500	9,602	10,645
Change	-	-26.25%	-63.24%	227.81%	-24.89%	31.7%	12.97%	10.86%
Interest Paid ¹	-2,963	-2,427	-3,387	-3,717	-3,271	-2,852	-3,013	-3,166
Earnings before Tax (EBT) ¹	7,126	5,378	431.1	5,799	3,778	6,656	7,991	8,963
Change	-	-24.54%	-91.98%	1,245.23%	-34.85%	76.16%	20.05%	12.17%
Net income ¹	6,301	3,986	405	4,206	2,952	4,774	5,894	6,573
Change	-	-36.75%	-89.84%	938.42%	-29.8%	61.71%	23.46%	11.52%
Announcement Date	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	12,220	16,542	17,766	21,326	17,491	16,978	17,501	22,642	22,038	19,998	20,161	24,626	24,085	22,858	23,120	26,564	21,904	19,526	22,566	28,149	24,542	21,111	23,048	27,246
Change	-	35.38%	7.4%	20.04%	-17.98%	-2.93%	3.08%	29.38%	-2.67%	-9.25%	0.81%	22.14%	-2.2%	-5.09%	1.14%	14.9%	-17.54%	-10.86%	15.57%	24.74%	-12.81%	-13.98%	9.18%	18.21%
EBITDA ¹	2,331	3,827	3,297	3,920	3,436	2,673	2,224	2,767	2,593	939.6	1,444	2,743	2,978	2,888	3,785	4,724	2,582	1,772	2,479	5,338	3,467	2,517	2,851	4,348
Change	-	64.16%	-13.84%	18.89%	-12.35%	-22.22%	-16.77%	24.39%	-6.28%	-63.77%	53.69%	89.97%	8.57%	-3.02%	31.04%	24.81%	-45.33%	-31.38%	39.92%	115.31%	-35.05%	-27.41%	13.29%	52.48%
EBIT ¹	-	-	-	-	2,452	1,691	-	1,770	1,448	-	145.5	1,342	-	1,454	2,337	3,227	1,127	321.7	1,089	3,916	2,162	866	1,479	3,044
Change	-	-	-	-	-	-31.04%	-	-	-18.21%	-	-	822.61%	-	-	60.75%	38.1%	-65.07%	-71.46%	238.45%	259.65%	-44.8%	-59.94%	70.79%	105.81%
Charge d'intérêts ¹	-799.7	-759.9	-729.5	-673.7	-639.2	-631.8	-608.3	-547.3	-702.9	-927.9	-869.2	-887.2	-974.2	-954	-965.2	-823.7	-857.7	-850.8	-829.6	-732.5	-707.2	-727	-750.5	-651.5
Earnings before Tax (EBT) ¹	845.2	2,361	2,122	1,798	1,906	1,192	748.1	1,532	-	-824.8	-644.8	1,129	762.8	771.2	1,535	2,731	440	-356.9	413.4	3,282	1,774	776	1,037	2,681
Change	-	179.29%	-10.09%	-15.29%	6.01%	-37.46%	-37.23%	104.76%	-	-	21.82%	275.14%	-32.45%	1.1%	99%	77.92%	-83.89%	-181.11%	215.83%	693.9%	-45.95%	-56.25%	33.63%	158.53%
Net income ¹	657.7	1,666	1,484	2,493	1,415	855.5	604.5	1,111	619.2	-564.6	-499.1	849.5	597.1	583.7	1,091	1,933	326.2	-251.9	311.9	2,566	1,196	441.1	789.1	2,186
Change	-	153.34%	-10.92%	67.99%	-43.24%	-39.54%	-29.34%	83.76%	-44.26%	-191.18%	11.6%	270.21%	-29.71%	-2.24%	86.98%	77.15%	-83.13%	-177.22%	223.82%	722.7%	-53.4%	-63.11%	78.89%	176.95%
Announcement Date	07/08/20	05/11/20	23/01/21	12/05/21	05/08/21	10/11/21	04/02/22	11/05/22	06/08/22	08/11/22	04/02/23	09/05/23	08/08/23	08/11/23	06/02/24	04/05/24	08/08/24	23/10/24	04/02/25	09/05/25	30/07/25	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Birla Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	24,693	30,438	35,790	30,259	25,413	23,300	26,065	28,633
Change	-	23.27%	17.58%	-15.45%	-16.02%	-8.32%	11.87%	9.85%
Announcement Date	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Birla Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	8,035	7,806	6,310	5,294	4,453	7,250	12,636	14,606
Change	-	-2.85%	-19.16%	-16.1%	-15.89%	62.82%	74.29%	15.59%
Free Cash Flow (FCF) ¹	5,249	2,586	1,744	10,901	12,242	3,915	920.3	1,670
Change	-	-50.74%	-32.53%	524.88%	12.3%	-68.02%	-76.49%	81.49%
Announcement Date	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Birla Corporation Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	19.71%	14.88%	8.89%	14.88%	13.21%	14.62%	15.44%	15.91%
EBIT Margin (%)	14.25%	9.56%	3.02%	8.89%	7%	8.85%	9.35%	9.8%
EBT Margin (%)	10.5%	7.21%	0.5%	6%	4.1%	6.93%	7.78%	8.25%
Net margin (%)	9.29%	5.34%	0.47%	4.35%	3.2%	4.97%	5.74%	6.05%
FCF margin (%)	7.74%	3.47%	2.01%	11.28%	13.29%	4.08%	0.9%	1.54%
FCF / Net Income (%)	83.3%	64.87%	430.74%	259.2%	414.68%	82%	15.62%	25.41%
Profitability
ROA	-	3.3%	0.29%	-	-	3%	4%	-
ROE	12.25%	6.91%	0.67%	6.65%	4.31%	6.82%	7.89%	8.06%
Financial Health
Leverage (Debt/EBITDA)	1.85x	2.74x	4.64x	2.1x	2.09x	1.66x	1.64x	1.66x
Debt / Free cash flow	4.7x	11.77x	20.52x	2.78x	2.08x	5.95x	28.32x	17.14x
Capital Intensity
CAPEX / Current Assets (%)	11.84%	10.46%	7.27%	5.48%	4.83%	7.55%	12.3%	13.44%
CAPEX / EBITDA (%)	60.07%	70.32%	81.74%	36.83%	36.58%	51.61%	79.66%	84.5%
CAPEX / FCF (%)	153.09%	301.91%	361.71%	48.56%	36.37%	185.2%	1,373.02%	874.43%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	10	10	2.5	10	10	10.33	10.93	11.06
Change	-	0%	-75%	300%	0%	3.33%	5.77%	1.15%
Book Value Per Share ¹	712.4	785.5	776.6	866.6	911	944.9	1,023	1,093
Change	-	10.26%	-1.13%	11.59%	5.12%	3.72%	8.31%	6.85%
EPS ¹	81.83	51.76	5.26	54.61	38.34	63.57	77.17	86.11
Change	-	-36.75%	-89.84%	938.21%	-29.79%	65.8%	21.4%	11.58%
Nbr of stocks (in thousands)	77,005	77,005	77,005	77,005	77,005	77,005	77,005	77,005
Announcement Date	12/05/21	11/05/22	09/05/23	04/05/24	09/05/25	-	-	-