Birla Corporation Q3 Net Profit Soars 71% to Rs 53 Crore Despite Market Challenges

• Birla Corporation Ltd reported a 71% year-on-year increase in consolidated net profit, reaching Rs 53 crore for the December quarter.
• Consolidated EBITDA grew by 18.4% to Rs 312 crore, up from Rs 263 crore in the same quarter last year, despite a challenging market.
• Consolidated revenue declined by 4.1% to Rs 2,178 crore, primarily due to a 6% fall in cement sales volume to 4.23 million tonnes.
• Cement prices in key markets saw an estimated 4-6% reduction, further impacting revenue.
• The cement division's EBITDA margin improved to 14.8%, and EBITDA per tonne rose by 23.4% to Rs 702, driven by a 4% decline in production costs.

Why It Matters: Birla Corporation's Q3 net profit surged 71% to Rs 53 crore, driven by cost optimization despite revenue decline.