Quarterly Results: Birla Corporation Ltd.
Bhagyashree Vivarekar / 08 Feb 2017
The company's stock opened at Rs 735 on the BSE and fell 1.61 per cent after the results were declared. It is currently trading around Rs 735. The company reported PAT of Rs 2.09 crore, which represents a sequential QoQ decline of 96.42 per cent and a YoY decline of 85.06 per cent.
Birla Corporation Ltd. reported its results for the quarter ended December 31, 2016.
The company posted total sales of Rs. 848.93 crore for Q3FY17, which represents a 4.27 per cent sequential decline and 8.07 per cent YoY decline.
Its operating profit (EBIT) for the quarter was Rs 21.57 crore and its EBIT margin was 2.54 per cent.
The company reported PAT of Rs 2.09 crore, which represents a sequential QoQ decline of 96.42 per cent and a YoY decline of 85.06 per cent.
The company's stock opened at Rs 735 on the BSE and fell 1.61 per cent after the results were declared. It is currently trading around Rs 735.
Birla Corporation Ltd is a flagship company of the M.P. Birla group. The company operates in five different business segments, viz. cement, jute, power, automobile and vinoleum.
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