Birla Corporation on Tuesday reported a net profit of Rs 85 crore for the fourth quarter ended March 31, down 23.4 per cent from Rs 111 crore in the corresponding previous quarter.

The company’s consolidated revenue at Rs 2,512 crore grew 7.6 per cent over Rs 2,334 crore in the corresponding previous quarter.

For the full financial year 2022-23, the company’s consolidated revenue was Rs 8,795 crore, up 16.3 per cent over the previous year. Net profit during the year was Rs 41 crore against Rs 399 crore in 2021-22.

“During the year, the biggest challenge for the cement industry was an abnormal rise in power and fuel costs. For Birla Corporation, power and fuel costs went up 32 per cent for the full year, while registering a sequential decline of 3 per cent in the March quarter,” the company said.

The board has recommended a divided of Rs 2.5 per share for 2022-23.

Eveready loss

Eveready Industries India suffered a loss of Rs 21.09 crore on account of a non-cash charge of Rs 17.04 crore against unamortised fees for loans repaid during the quarter. In Q4FY22, the company had reported a loss of Rs 38.4 crore. Total income grew 18.6 per cent to Rs 286.2 crore from Rs 241.2 crore in Q4FY22. For the full year, Eveready’s topline grew 10.2 per cent to Rs 1,327.7 crore and PAT stood at Rs 20.1 crore.

Kilburn PAT up

Kilburn Engineering has reported an over two-fold rise in PAT to Rs 12.34 crore compared with Rs 4.78 crore in Q4FY22.

Income from operations grew 15.9 per cent to Rs 66.68 crore. The board has recommended a 10 per cent dividend. For the full year, PAT was Rs 30.14 crore against Rs 1.55 crore in FY22. Revenue was up 80 per cent at Rs 221.53 crore from Rs 122.76 crore in FY22.