Birla Corp (BCORP) posted a weak quarter with EBITDA/t at Rs 168/t (vs.est Rs 125/t, -42.2% YoY, -17.4% QoQ). Pricing weakness in core markets (Except East) weighed on realizations (Rs 3,726/t, -0.7 % YoY, -1.6% QoQ). Volumes were also tepid (1.88 mT, -1.4% YoY), although BCORP managed to fare better than peers, which posted large like-for-like declines. Jute division posted a rare profitable quarter driven by higher government purchases.