Birla Corp Q3 consolidated net loss down at Rs 21.84 crore

Birla Corporation today reported a consolidated net loss of Rs 21.84 crore for the quarter ended December, lower from the year-ago period loss of Rs 41.29 crore.

The Kolkata-based company said during the quarter under review, its revenue from operations was at Rs 1,389.32 crore, up by 12.73 per cent year-on-year.

"Factor that affected operations during the quarter was non-availability of railway rakes, as these were diverted for carrying coal to power plants," the company said in a release.

Birla Corporation's fuel costs went up by 25 per cent in October-December, owing to a rise in coal and pet coke prices and non-availability of linkage coal, the release said.

In the reporting quarter, cement production stood at 30.62 lakh ton compared to 25.08 lakh ton in the corresponding period last fiscal, reflecting an increase of 22.09 per cent.

The consolidated results include the financials of Reliance Cement Company (RCCPL), a wholly-owned material subsidiary of Birla Corporation.