Conference Call with Birla Corporation Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Cement and Cement Products company Birla Corporation announced Q1FY24 results: Consolidated revenue for Q1FY24 grew 9.3% to Rs 2,425 crore as cement sales by volume jumped 12.2% over Q1FY23 to 4.41 million tons. EBITDA for Q1FY24 was at Rs 314 crore, against Rs 274 crore in Q1FY23, up 14.8%. Consolidated net profit for Q1FY24 at Rs 60 crore was marginally lower than Q1FY23 (Rs 62 crore) due to higher depreciation and interest cost. Cash profit was up 6.5% YoY at Rs 217 crore, largely on account of improved sales and a substantial decline in power and fuel costs. Company achieved capacity utilization of 91% for Q1FY24. Result PDF