Kolkata: MP Birla Group flagship Birla Corporation Ltd has witnessed a 14.8% jump in net profit to Rs 295 crore in the fourth quarter of this fiscal from Rs 257 crore during the same period last fiscal. The company’s net profit for the year at Rs 558 crore represents 89% growth over the previous year. The revenue for Q4 was up by 0.4% to Rs 2875 crore.The cement production climbed to 19 MT during the year. Incidentally, after commissioning of Kundanganj Line III in March, Birla Corporation Ltd’s annual production capacity increased to 21.4 MT from 20 MT.“With continuous improvement in operating efficiency and cost optimisation, Birla Corporation Ltd stayed the course with premiumisation of market share as well as price positioning,” said Sandip Ghose, managing director and chief executive officer. “Alongside, the company consolidated its position in profitable markets to deliver consistent results,” he added.
