Birla Corporation net profit jumps 52% to Rs 194.73 cr for Q4FY20
New Delhi: Birla Corporation, part of M P Birla Group, has clocked 52 percent jump in consolidated net profit at Rs 194.73 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs net profit of Rs 128.19 crore in corresponding quarter of the previous fiscal.
Company’s consolidated revenue from operation declined by about 10 percent to Rs 1,689.97 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 1,872.76 crore in the same period of the previous fiscal.
The EBIDTA of the company went by 11.7 percent at Rs 373 crore for the fourth quarter of the 2019-20 fiscal, the company said in a regulatory filing.
There were lower fuel costs in the fourth quarter which benefitted the company. The company also saw results of company’s efforts in cost rationalization.
Birla Corporation’s subsidiary RCCPL Pvt Ltd migrated to the new tax regime as announced in October 2019. As a result, there was significant gains which took the consolidated net profit up in the latest quarter. RCCPL was earlier called Reliance Cement Company Ltd.
The total expenses of the company went down by 12 percent at Rs 1,525.66 crore in the latest quarter as compared to Rs 1,735.71 crore in the same period of the previous fiscal.
For the entire fiscal 2019-20, the company’s consolidated net profit jumped two-fold to Rs 505.18 crore as compared to Rs 255.70 crore in the previous fiscal.
For the entire fiscal 2019-20, the company’s consolidated revenue from operations went up marginally to Rs 6,915.69 crore from Rs 6,548.73 crore in the previous fiscal.
Birla Corporation has decided to pay a dividend of Rs 7.50 per share for the fiscal 2019-20.