Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Birla Corporation Rebounds with Rs 58.3 Crore Net Profit
The Business Guardian
|November 09, 2023
Birla Corporation Limited, the flagship company of the M P Birla group, reported a noteworthy turnaround in its financial performance for the second quarter ending on September 30, 2023.
-
The company posted a consolidated post-tax profit of Rs 58.37 crore during this period, marking a significant improvement from the same quarter in the previous year when it had incurred a loss of Rs 56.46 crore.
During the first quarter of the current financial year, the company, primarily known for its cement manufacturing operations, had reported a posttax profit of Rs 59.71 crore, indicating a continued positive trend in its financial results.
One of the key highlights of Birla Corporation's performance in the second quarter was the substantial growth in total income, which increased by 13.3% to reach Rs 2,313.23 crore. This was a significant upswing from the total income of Rs 2,041.58 crore reported during the corresponding period in the previous year.
The company disclosed these figures in a regulatory filing made on a recent Wednesday.
This story is from the November 09, 2023 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Indian Startup School rejects big investment, sticks to founder-first policy
Indian Startup School (ISS), a new-age institution dedicated to empowering first-time founders and nurturing grassroots entrepreneurship, has officially declined a funding offer from some of India’s most prominent business leaders.The investment proposal came from Sahil Jindal (Managing Director, Jindal Group), Umesh Kumar Agarwal (Managing Director, Haldirams), Rajat Singhal, and Aakash Goyal (Prominent Angel Investor).
1 mins
September 25, 2025
The Business Guardian
Markets decline for 4th day in a row, Sensex down 386 pts
Benchmark stock indices Sensex and Nifty fell for the fourth consecutive day on Wednesday due to profittaking in banking, auto, and capital goods shares, as well as foreign fund outflows, amid concerns over US H-LB visa fees that continue to dent investor sentiment.
1 min
September 25, 2025
The Business Guardian
Former AAP MLA challenges conviction in doctor's suicide case
Former AAP MLA Prakash Jarwal has moved to the Delhi High Court challenging his conviction in a case of abetting a doctor to commit suicide.
1 min
September 25, 2025
The Business Guardian
Ashwini opts ‘Swadeshi’ platform Zoho instead of PowerPoint at Cabinet presser
In yet another indication that Indians must opt for ‘Swadeshi’ instead of foreign products, the government has used the Indian platform Zoho to prepare its presentation for the Cabinet press briefing.
1 min
September 25, 2025
The Business Guardian
HC questions basis of plea on Afzal Guru, Maqbool Bhatt graves
The Delhi High Court on Wednesday questioned the lack of supporting material in a plea seeking the removal of the graves of Parliament attack convict Afzal Guru and JKLF founder Maqbool Bhatt from Tihar Jail, prompting the petitioner to withdraw the case with liberty to refile it with data.
1 min
September 25, 2025
The Business Guardian
Court acquits Sirsa, 9 others in a protest at AIICC case
The Rouse Avenue court in Delhi has acquitted Delhi Minister Manjinder Singh Sirsa, Manjit Singh GK, and other accused in a 12-year-old case linked with the allegations of organising a protest outside the All India Congress Committee (AICC) against former Congress MP Sajjan Kumar.
1 min
September 25, 2025
The Business Guardian
Continental Hospitals wins awards for Governance and staff engagement
Dr. Guru N Reddy, Founder & Chairman of Continental Hospitals, delivered the keynote address at the 3rd AHPI Leadership Summit 2025, organized in association with TSHA at Taj Deccan, Hyderabad.
1 min
September 25, 2025
The Business Guardian
CONGRESS CWC MEETS AT PATNA'S SADAQAT ASHRAM
The Congress Working Committee convened in Patna on Wednesday ahead of Bihar's upcoming Legislative Assembly elections.
2 mins
September 25, 2025
The Business Guardian
Samsung Electronics shares rose briefly in premarket trading
Samsung Electronics briefly climbed above the 90,000-won (USD 64.42) mark in premarket trading on Tuesday, buoyed by optimism over its high-bandwidth memory chips and upbeat broker forecasts, as per a report by the Korean Herald.
2 mins
September 25, 2025
The Business Guardian
CABINET OKAYS RS 69,725 CR SHIPBUILDING BOOST
The Union Cabinet has approved a Rs 69,725 cr package to boost India’s shipbuilding and maritime sector through financing, infrastructure, and policy reforms.
1 mins
September 25, 2025
Translate
Change font size