Birla Corporation Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 23, 2021 at 02:35 pm IST
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Birla Corporation Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 18,228.2 million compared to INR 17,353.9 million a year ago. Net income was INR 1,484.2 million compared to INR 814.9 million a year ago. Basic earnings per share from continuing operations was INR 19.27 compared to INR 10.58 a year ago. For the nine months, total revenue was INR 47,392.4 million compared to INR 52,827.9 million a year ago. Net income was INR 3,808.1 million compared to INR 3,104.5 million a year ago. Basic earnings per share from continuing operations was INR 49.45 compared to INR 40.31 a year ago.
Birla Corporation Limited is an India-based holding company. The Company operates through three segments: Cement, Jute and Others. The Company is primarily engaged in the manufacturing of cement and clinker. It is also engaged in the manufacturing of jute products and steel castings. Its cement products have applications in industrial buildings, dams, cooling towers and bridges, among others. It manufactures varieties of cement, such as ordinary portland cement (OPC-43 & 53 grades), portland pozzolana cement (PPC-fly ash-based), portland slag cement (PSC), sulphate resistant cement and composite cement. The Company's cement products are marketed under the brand names of MP Birla Cement PERFECT PLUS, RAKSHAK, SAMRAT ADVANCED, ULTIMATE ULTRA, UNIQUE PLUS, SAMRAT, ULTIMATE, CHETAK, PSC, MULTICEM and CONCRECEM. Its jute products include jute yarn, floor and wall covering, lino hessian, decorative fabrics, nursery cloth, jute carpets, non-woven jute felt, and hydrocarbon-free bags/cloth.
BIRLA CORPORATION LIMITED 
