Birla Corp reports Rs 250 million loss in Q2 of FY'25

24 Oct 2024 CW Team

Birla Corporation, the flagship company of the M P Birla group, reported a loss of Rs 250 million in the second quarter ending September 2024, compared to a net profit of Rs 580 million during the same period last year. The cement maker’s revenue for the July-September quarter decreased by 14.8% to Rs 19.70 billion, down from Rs 23.12 billion in the previous corresponding period.

In its statement, the company noted that it recorded a consolidated EBITDA of Rs 1.94 billion for the quarter under review, in contrast to Rs 3.16 billion in the same period the previous year.

The statement indicated that cement demand was sluggish during the traditionally weak monsoon quarter, with prices falling to record lows across all key markets. The company achieved an overall capacity utilization of nearly 80%, with around 90% in its core markets. Its annual installed cement manufacturing capacity stands at 20 million tonnes.

Regarding the outlook, the cement maker expressed cautious optimism for the third quarter ending in December. Additionally, the company’s jute division faced challenges due to declining orders both domestically and internationally.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..