Birla Company, a flagship firm of the MP Birla Group, has reported 66.10 per cent development in consolidated web revenue at Rs 255.70 crore for the monetary yr ended March 31, 2019, as in comparison with Rs 153.95 crore within the final fiscal, helped by all-round enchancment in efficiency.
“Consolidated income from operations climbed 10.27 per cent to Rs 6,548.73 crore in FY19 from Rs 5,938.93 crore in FY18,” Birla Company mentioned in a submitting to the Bombay Inventory Change.
The working revenue (EBIDTA) of the Kolkata-headquartered firm grew 18.10 per cent to Rs 1,027.08 crore versus Rs 869.64 crore in earlier yr, on the again of development in gross sales and higher realisation.
On the quarterly foundation, cement maker’s web revenue slipped 2.23 per cent to Rs 128.19 crore in January-March interval as in comparison with Rs 131.12 crore in the identical quarter final yr. The corporate, nevertheless, talked about that web revenue for the March quarter rose by 11 per cent year-on-year “after adjusting for one-off deferred tax credit score within the corresponding interval of the earlier yr”.
In January-March quarter, income grew 13.44 per cent to Rs 1,872.76 crore from Rs 1,650.81 crore within the yr in the past interval. The EBIDTA stood at Rs 333.95 crore in Q4FY19 versus Rs 290.09 crore in Q4FY18, registering a development of 15.12 per cent.
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Within the quarter until March, blended cement contributed to 92 per cent of the corporate’s gross sales by quantity, the corporate mentioned.
The corporate’s board has declared a dividend of Rs 7.50 per share for the monetary yr 2018-19. In a seprate improvement, the board has advisable the re-appointment of Shailaja Chandra because the unbiased director of the corporate for a second time period of 5 years efficient from February 5, 2020 topic to approval of the shareholders on the ensuing Annual Normal Assembly of the corporate.
Trying ahead, the corporate expects cement demand to stay buoyant amid momentum in mega infrastructure tasks and revival in the true property sector. Resulting from persevering with concentrate on rural and inexpensive housing, as additionally initiatives equivalent to good cities, the administration expects beneficial market circumstances going ahead, it added.
Birla Company shares closed commerce at Rs 557.50 a bit, down 3.19 per cent, on the BSE on Friday.
Edited by Chitranjan Kumar