Birla Corporation records Q1 PAT at 94.33 cr
The Company dispatched 21.67 lakh tons of cement during the period under review against 19.56 lakh tons during the corresponding period the previous year.
It has recorded the highest ever sale of cement at 21.96 lakh tons during the quarter. The Profit after Tax was Rs 94.33 crores, against Rs 24.95 crores in the previous corresponding quarter.
The Company adopted Indian Accounting Standards (Ind AS) from 1 April 2016. The figures for the quarter ended 30 June 2015 are also Ind AS compliant. These have not been subject to limited review or audit.
Harsh V Lodha, Chairman of the Company, referring to its performance, said after the meeting of the Board of Directors of the Company in Kolkata today that both the Cement and Jute Divisions performed well during the quarter under review, owing to higher production and substantially better operational efficiency.The Cement Division recorded better realization also.
Referring to the working of the Cement Division, the Chairman said that the operating costs at its Chanderia as well as Satna plants could be brought down as a result of operational efficiencies, a judicious fuel mix and lower fuel prices. On account of reduced PP granule prices, the packing cost of cement has also come down.
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