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Birla Corporation reports 94% rise in Q1 consolidated net profit

08 Aug 2018 Evaluate

Birla Corporation has reported results for first quarter ended June 30, 2018.

The company has reported a rise of 49.35% in its net profit at Rs 41.52 crore for the quarter under review as compared to Rs 27.80 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.74% at Rs 1,118.22 crore for Q1FY19 as compared Rs 1,126.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 94.08% in its net profit at Rs 83.86 crore for the quarter under review as compared to Rs 43.21 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.29% at Rs 1,678.93 crore for Q1FY19 as compared Rs 1,683.79 crore for the corresponding quarter previous year.

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