Birla Cor­po­ra­tion Third Quar­ter Net De­clines 85%

The Economic Times - - Companies: Pursuit Of Profit -

MP Birla Group firm Birla Cor­po­ra­tion re­ported a de­cline of 85.1% in stand­alone net profit to ₹ 2.09 crore for the third quar­ter ended De­cem­ber 31, on ac­count of de­cline in ce­ment sales in key mar­kets due to liq­uid­ity crunch. The com­pany had posted a net profit of ₹ 13.9 crore in the Oc­to­ber-De­cem­ber pe­riod a year ago, Birla Cor­po­ra­tion said in a BSE fil­ing. To­tal in­come was down 8.1% to ₹ 848.9 crore.


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