Birla Corporation, the MP Birla Group’s flagship company, has reported a 71.42 per cent YoY decline in its consolidated net profit to INR311.9m for the third quarter of FY25. This compares to a net profit of INR1.1bn in the same period last fiscal, according to the company's latest stock exchange filing.
The Kolkata-based cement producer recorded a 2.3 per cent revenue decline, with 3QFY25 revenue at INR22.6bn, down from INR23.1bn a year earlier. Despite a seven per cent increase in consolidated cement sales volume to 4.5Mt, lower cement prices, particularly in Maharashtra and central India, impacted revenues. The company's capacity utilisation, however, rose to 92 per cent during the quarter.
Realisation from cement sales fell 9.5 per cent YoY to INR4781/t, although this represented a 1.8 per cent sequential increase over the previous quarter’s INR4697/t.
The company noted that prices are beginning to stabilise and expects improved realisations to drive growth in the coming quarters.
