Birla Corporation Ltd, the MP Birla group flagship company, today reported consolidated net profit at Rs 43.21 crore for the first quarter ended June 30, 2017.
The company had posted a net profit at Rs 94.44 crore during the same period of previous fiscal, Birla Corporation said in a BSE filing.
The company said the results of the period are not comparable due to its acquisition of Reliance Cement Company which became its wholly-owned subsidiary from August 22, 2016.
Total expenses during the quarter under review stood at Rs 1,604.19 crore as against Rs 968.99 crore in the year-ago period.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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Updated: Sat, Aug 12, 2017
05:40 PM IST
05:40 PM IST
PTI