Birla Corporation Limited Reports Standalone Unaudited Earnings and Production Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 02:45 pm IST
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Birla Corporation Limited reported standalone unaudited earnings and production results for the third quarter and nine months ended December 31, 2015. For the fourth quarter, the company Net Sales were INR 7,939.3 million compared with INR 7,431.8 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 201.0 million compared with INR 25.0 million for the same period last year. Profit from ordinary activities before tax was INR 65.5 million compared with INR 76.1 million for the same period last year. Net profit for the period was INR 65.7 million or INR 0.85 basic and diluted per share as compared with net profit for the period of INR 150.0 million or INR 1.95 basic and diluted per share for the same period last year. EBIDTA was 725.9 million
For the nine months quarter, the company Net Sales were INR 23,691.9 million compared with INR 23,696.1 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 664.4 million compared with INR 1,400.3 million for the same period last year. Profit from ordinary activities before tax was INR 512.9 million compared with INR 1,776.3 million for the same period last year. Net profit for the period was INR 416.9 million or INR 5.41 basic and diluted per share as compared with net profit for the period of INR 1,469.8 million or INR 19.09 basic and diluted per share for the same period last year. EBIDTA was 2,744.6 million.
For the quarter, the company reported cement production of 1.963 million tons, up by 8.75% last year.
For the nine months, the company reported cement production of 5.881 million tons, up by 2.10% last year.
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 
