+
Birla Corp reports Rs 250 million loss in Q2 of FY'25
ECONOMY & POLICY

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code