Fuel cost, price pressure push down Birla Corp Q1 profit 3.2% to ₹115.73 cr

M P Birla Group firm Birla C orporation on Saturday reported an on-year decline of 3.2 per cent in consolidated net profit to Rs 115.73 crore in the June quarter of this fiscal year, due to subdued realisation from cement sales and escalation in power and fuel costs.
Birla Corporation had posted a net profit of Rs 119.57 crore for the April-June period a year ago, the company said in a regulatory filing.
However, Birla Corporation's revenue from operations was up 7.8 per cent to Rs 2,646.45 crore in the June quarter of FY'27.

It was at Rs 2,454.22 crore in the corresponding period a year ago.
During the quarter, cement prices remained under pressure: price hikes introduced in April-May had to be rolled back in June amid intense competition for market share, Birla Corporation said an earnings statement.
Total expenses of Birla Corporation were at Rs 2,513.71 crore, up 8.87 per cent in the June quarter.
Birla Corporation's revenue from the Cement business was up 7.4 per cent to Rs .