Birla Corp Q1 Cement Sales Up 5%, Revenue Up 7%

Birla Corporation Limited reported a 5% year-on-year increase in cement sales volume to 5.05 million tons for the June quarter, driven by strong performance in the trade segment and premium products. Revenue grew by 7% to ₹2,669 crore. However, net profit saw a slight decline of 3.3% to ₹116 crore due to subdued realization and increased power and fuel costs. Capacity utilization remained high at 98%. The company is increasing its use of green power to mitigate rising energy costs and has commissioned a new solar power plant. The Jute Division faced challenges with high raw jute prices, leading to a production decline but a rise in domestic and overseas sales revenue.