Coal news and updates

Birla Corp first quarter net profit doubles

August 8: Birla Corporation Limited reported a sharp increase in its net profit at Rs 99.52 crore for the April-June quarter (first quarter or Q1) of 2014-15 against a net profit of Rs 45.99 crore reported in the same quarter of 2013-14, the company said in a filing to the BSE on August 8.

With this, the company’s net profit more than doubled on a year-on-year (y-o-y) basis.

On a quarter-on-quarter (q-o-q) basis too, the company’s net profit increased sharply from Rs 26.20 crore recorded in the last quarter (Q4) of 2013-14.

During the quarter under review, the company’s net sales stood at Rs 859.32 crore, up 11.31% from Rs 771.96 crore in the same quarter of last fiscal. Revenues from the cement sector during the current quarter increased nearly 14% to Rs 819.90 crore from Rs 722.10 crore reported in the same period of the previous financial year.