Breaking News

You are here » Indian-Commodity  :  Top News  :  Birla Corporation reports 30% rise in Q4 consolidated net profit

17-May2018

Birla Corporation reports 30% rise in Q4 consolidated net profit

Birla Corporation has reported results for the fourth quarter and year ended March 31, 2018.

The company 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.



Related News

View all news

Gold futures trade tad higher on Monday

Gold futures traded marginally higher on Monday, due to increased safe haven investments after the Asian stock markets tumbled in midst of increased geo-political tensions and on concerns over slowing......

Crude oil futures end higher on Friday

Crude oil futures ended higher on Friday on worries about possible impact of US sanctions on Iran's oil exports on crude supply in the market coupled with potential US-Saudi tensions. Prices also supported......

Crude oil futures extend losses on Thursday

Extending previous session losses, crude oil futures ended lower on Thursday due to a sharp jump in US crude inventories last week and on demand growth concerns. The Energy Information Administration's......

Top News

View all news

AMJ Land Holdings gets approval for scheme of amalgamation

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject......

SpiceJet to launch daily direct flight on Hyderabad Shirdi route

SpiceJet will launch daily direct flight between Hyderabad and Shirdi from November 3. The airline will be deploying its Bombardier Q400 aircraft on the route. SG 3576 will leave from Hyderabad at 9.35am......

JSW Steel emerges as preferred bidder for iron ore mine in Karnataka

JSW Steel has emerged as the preferred bidder for an iron ore mine in the state of Karnataka. The cumulative revenue from the block over the period of 50 years is Rs 1,705.39 crore with an additional contribution......