Birla Corporation, the flagship firm of M P Birla group, has reported 8.85% drop in its standalone net profit to Rs 57.46 crore for the quarter ended March 31, 2012, largely due to increased expenses. The Kolkata-based firm had reported a net profit of Rs 63.04 crore during the corresponding quarter of 2011-12.
The company’s net sales during the quarter under review, increased by 9.75% to Rs 651.36 crore vis-a-vis Rs 593.50 crore of Q4 of FY11. Total expenditure of the cement-to-jute manufacturer rose by 15.68% to Rs 599.02 crore in the quarter under review.
For the full year 2011-12, the company’s net profit, on a consolidated basis, declined by over 25% to Rs 239.44 crore, though its net sales were up 5.80% to Rs 2,246.87 crore.
Birla Corporation operates four division cement, jute, vinoleum and auto trim. It has eight manufacturing facilities located in Pune, Rajasthan, West Bengal, Gurgoan, Uttar Pradesh and Madhya Pradesh.
