Birla Corporation on Tuesday reported a net profit of Rs 109 crore for the quarter ended December 31 against a loss of Rs 50 crore in the corresponding previous quarter. Total income during the quarter was Rs 2,328 crore, up 15 per cent from Rs 2,024 crore in the corresponding period of the previous year.
Chairman Harsh V. Lodha, said, “The results are a reflection of our focus on improving operating efficiency on all parameters. We are firmly focused on reducing costs, improving capacity utilisation and realisation through a balanced brand portfolio, with equal emphasis on premium and value segments, geo-mix and go-to-market supply chain optimisation, and accelerated ramp-up of Mukutban.”
“Having established a strong base across North India, the company is now ready for the next phase of its journey to become a 30-million-tonne player by 2030,” he said.
Eveready profit jumps
Battery maker Eveready Industries India on Tuesday reported a 55-per cent year-on-year jump in net profit to Rs 8.4 crore for the quarter ended December. The profit stood at Rs 5.4 crore a year ago.
The Calcutta-based company’s net profit saw a rise despite a dip in revenue from Rs 330 crore to Rs 305 crore during the period.
The improved performance was driven by an expansion in the EBITDA margin, which rose from 7.3 per cent to 8.1 per cent.
