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Birla Corporation reports consolidated net loss of around Rs 50 crore in Q3FY23

06 Feb 2023 Evaluate

Birla Corporation has reported results for third quarter ended December 31, 2022. (Q3FY23)

The company has reported fall of 73.36% in its net profit at Rs 7.02 crore for Q3FY23 as compared to Rs 26.35 crore for the corresponding quarter previous year. However, total income of the company increased by 14.76% to Rs 1292.90 crore for the quarter under review as compared to Rs 1126.59 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported net loss of Rs 49.91 crore for Q3FY23 as against net profit of Rs 60.45 crore for the same quarter in the previous year. However, total income of the company increased by 15.20% to Rs 2,024.00 crore for the quarter under review as compared to Rs 1756.95 crore for the same quarter in the previous year.

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