Birla Corp Q1 net profit at Rs 43.21 cr
Birla Corp Q1 net profit at Rs 43.21 cr
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.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.