Birla Corporation reports a 3.2% year-on-year decline in Q1 profit to ₹115.7 crore, attributing the fall to lower cement prices and a fuel-cost increase. The company says revenue from operations rises 7.8% to ₹2,646.45 crore in the quarter. According to NDTV, Birla Corporation expects cement demand to remain weak during the monsoon season, with consumption projected to stay low until the end of the monsoon in August. The company anticipates a pickup in cement consumption in September as seasonal demand improves. The two reports align on the direction and magnitude of the profit change and on the drivers cited by the company—softening cement prices alongside higher fuel costs. Overall, the results show operating revenue growth despite profitability pressure, reflecting cost headwinds and pricing conditions in the cement market during the quarter.
Birla Corporation Q1 profit slips 3.2% on lower cement prices and higher fuel costs
Birla Corporation reports a 3.2% year-on-year decline in Q1 profit to ₹115.7 crore, attributing the fall to lower cement prices and a fuel-cost increase. The company says revenue from operations rises...
- Birla Corporation’s Q1 profit declines 3.2% year-on-year to ₹115.7 crore.
- Revenue from operations rises 7.8% to ₹2,646.45 crore in Q1.
- The company cites lower cement prices as a factor affecting profit.
- Fuel costs increase, contributing to the profit decline.
- Cement consumption is expected to remain low through the monsoon season, improving after August into September.
According to the company's forecast, cement consumption is anticipated to stay low until the conclusion of the monsoon season in August before picking up in September.
5 hours agoBirla Corporation’s revenue from operations, however, rises 7.8% to ₹2,646.45 crore in Q1 FY27
8 hours ago
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