Birla Corp This fall Outcomes: Cement main Birla Company Ltd introduced a pointy soar in its consolidated internet revenue to Rs 193 crore, up by 127 per cent, for the quarter ended March 2024.
Decrease energy and gas prices mitigated the benign value of the development materials in the course of the quarter attributable to unusually weak market situations, 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 year-on-year to Rs 5,178 per tonne.
Birla Company, in a press release, 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 via the final two quarters owing to a number of components and disruptions akin to Meeting elections in key geographies, officers stated.
The corporate’s wholly-owned subsidiary, RCCPL Non-public Ltd, permitted an funding of Rs 425 crore to enhance the capability of its Kundanganj unit by 1.4 million tonnes inside two years.
“A 3rd of the proposed funding will come from inside accruals. As cement consumption in India continues to develop, Birla Company is rolling out its subsequent part of capability addition to extend cement manufacturing to 25 million tonnes by fiscal 2026-27,” chairman Harsh Vardhan Lodha stated.
“The funding in capacity-building throughout practical verticals is mirrored within the spectacular ramp-up of the Mukutban unit, forward of the steering given by the corporate,” he added, stating that the corporate achieved an total enchancment in efficiency in 2023-24.
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