- Advertisement -
KOLKATA: Cement main Birla Corporation Ltd introduced a pointy leap in its consolidated net profit to Rs 193 crore, up by 127 per cent, for the quarter ended March 2024. Lower energy and gasoline prices mitigated the benign value of the development materials in the course of the quarter due to unusually weak market circumstances, the corporate stated.
Consolidated income for the fourth quarter of the 2023-24 fiscal stood at Rs 2,682 crore, marking a 6.8 per cent progress over the identical interval final yr.
Realisation from cement within the March quarter fell marginally by 1.6 per cent yr-on-yr to Rs 5,178 per tonne.
Birla Corporation, in an announcement, talked about that after a gradual ramping up of the Mukutban unit in Maharashtra, its cement division, achieved capability utilisation of 97 per cent for the March quarter.
Cement costs remained weak by way of the final two quarters owing to a number of elements and disruptions similar to Assembly elections in key geographies, officers stated.
The firm’s wholly-owned subsidiary, RCCPL Private Ltd, authorized an funding of Rs 425 crore to increase the capability of its Kundanganj unit by 1.4 million tonnes inside two years.
“A third of the proposed investment will come from internal accruals. As cement consumption in India continues to grow, Birla Corporation is rolling out its next phase of capacity addition to increase cement production to 25 million tonnes by fiscal 2026-27,” chairman Harsh Vardhan Lodha stated.
“The investment in capacity-building across functional verticals is reflected in the impressive ramp-up of the Mukutban unit, ahead of the guidance given by the company,” he added, stating that the corporate achieved an general enchancment in efficiency in 2023-24.
Consolidated income for the fourth quarter of the 2023-24 fiscal stood at Rs 2,682 crore, marking a 6.8 per cent progress over the identical interval final yr.
Realisation from cement within the March quarter fell marginally by 1.6 per cent yr-on-yr to Rs 5,178 per tonne.
Birla Corporation, in an announcement, talked about that after a gradual ramping up of the Mukutban unit in Maharashtra, its cement division, achieved capability utilisation of 97 per cent for the March quarter.
Cement costs remained weak by way of the final two quarters owing to a number of elements and disruptions similar to Assembly elections in key geographies, officers stated.
The firm’s wholly-owned subsidiary, RCCPL Private Ltd, authorized an funding of Rs 425 crore to increase the capability of its Kundanganj unit by 1.4 million tonnes inside two years.
“A third of the proposed investment will come from internal accruals. As cement consumption in India continues to grow, Birla Corporation is rolling out its next phase of capacity addition to increase cement production to 25 million tonnes by fiscal 2026-27,” chairman Harsh Vardhan Lodha stated.
“The investment in capacity-building across functional verticals is reflected in the impressive ramp-up of the Mukutban unit, ahead of the guidance given by the company,” he added, stating that the corporate achieved an general enchancment in efficiency in 2023-24.
- Advertisement -