Birla Corporation reports 53% fall in Q1 consolidated net profit

10 Aug 2020

Birla Corporation has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 72.62% in its net profit at Rs 27.97 crore for the quarter under review as compared to Rs 102.16 crore for the same quarter in the previous year. Total income of the company decreased by 39.69% at Rs 791.86 crore for Q1FY21 as compared Rs 1,313.09 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 53.23% in its net profit attributable to shareholders at Rs 65.77 crore for the quarter under review as compared to Rs 140.62 crore for the same quarter in the previous year. Total income of the company decreased by 34.71% at Rs 1,241.01 crore for Q1FY21 as compared Rs 1,900.67 crore for the corresponding quarter previous year.

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