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Indian-Commodity  :  Equity & Shares  :  Birla Corporation advances on reporting 30% rise in Q4 consolidated net profit

Birla Corporation advances on reporting 30% rise in Q4 consolidated net profit (17-May-2018)

Birla Corporation is currently trading at Rs. 720.00, up by 28.00 points or 4.05% from its previous closing of Rs. 692.00 on the BSE.

The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 750.00 and Rs. 711.30 respectively. So far 11,43,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1290.00 on 08-Jan-2018 and a 52 week low of Rs. 685.00 on 26-Mar-2018.

Last one week high and low of the scrip stood at Rs. 750.00 and Rs. 686.40 respectively. The current market cap of the company is Rs. 5,563.00 crore.

The promoters holding in the company stood at 62.90%, while Institutions and Non-Institutions held 16.54% and 20.56% respectively.

Birla Corporation has reported a rise of 81.66% in its net profit at Rs 107.45 crore for the quarter ended March 31, 2018 as compared to Rs 59.15 crore for the same quarter in the previous year. The total income of the company has increased marginally by 1.60% at Rs 1106.08 crore for quarter under review as compared to Rs 1088.70 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of 29.97% in its net profit at Rs 131.11 crore for the quarter ended March 31, 2018 as compared to Rs 100.88 crore for the corresponding quarter in the FY17. Total income of the company increased marginally by 1.23% at Rs 1683.99 crore for quarter under review as compared to Rs 1663.53 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a fall of 46.20% in its net profit at Rs 115.13 crore as compared to Rs 214.00 crore for the same period in the previous year. Total income of the company decreased marginally by 1.03% at Rs 3944.31 crore for year under review as compared to Rs 3985.22 crore for the period ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted fall of 29.86% in its net profit at Rs 153.94 crore as compared to Rs 219.46 crore for the same period in the previous year. However, total income of the company has increased by 17.39% at Rs 6018.60 crore for year under review as compared to Rs 5127.09 crore for the period ended March 31, 2017.



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