Birla Corp posts PAT of Rs 84.74 crore in Q1

Last Updated: Thu, Aug 02, 2012 05:45 hrs
A labourer unloads cement sacks from the wagon of a train at a yard in Kolkata

Cement maker Birla Corporation has registered net profit after tax (PAT) of Rs 84.74 crore for the quarter ended June 30, 2012. This is a 24.26 per cent decline over the corresponding quarter last fiscal when the PAT stood at Rs 111.88 crore. Net sales rose 18.14 per cent to Rs 658.02 crore this quarter vis-a-vis Rs 556.97 crore in the same period last fiscal.

According to the Harsh V. Lodha, chairman, Birla Corporation, profits have seen a negative impact because of closure of limestone mining at its Chanderia Units on account of the Jodhpur High Court order.

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