Birla Corporation shares in focus after Q3 net profit declines 71% YoY
Birla Corporation shares will be in focus on Wednesday, February 5, after the company reported a 71.4% year-on-year (YoY) decline in consolidated net profit to Rs 31.19 crore for Q3 FY25. In the same period last year, net profit stood at Rs 109.14 crore.
The company attributed the decline to lower cement prices, particularly in Maharashtra and central India. Realization from cement sales in Q3 stood at Rs 4,781 per tonne, down 9.5% YoY but up 1.8% sequentially from Rs 4,697 per tonne in Q2 FY25.
Birla Corporation had reported a net loss of Rs 25.19 crore in the September quarter.
Also Read: Q3 results today: Swiggy, Info Edge among 124 companies to announce earnings on Wednesday
Consolidated revenue for Q3 FY25 stood at Rs 2,272.07 crore, down 2.4% from Rs 2,326.75 crore in the year-ago period but up from Rs 1,969.78 crore in Q2 FY25.
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