Birla Corp Ltd reported 3.59% growth yoy in Dec-20 quarter consolidated revenues at Rs1,776.62cr. The company saw tepid growth in its majority cement business. The jute business reported lower revenues but is too small to make a significant impact.
For the Dec-20 quarter, the consolidated operating profits were up 15.87% at Rs238.98cr. This spike in the operating profits was on the back of sharply improved inventory management in the Dec-20 quarter. As a result, the operating margin or OPM improved from 12.03% in the Dec-19 quarter to 13.45% in Dec-20 quarter.
Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 82.13% at Rs148.42cr. The PAT growth was due to a sharp spike in other income in the current quarter and sharply lower financing costs. PAT margins expanded from 4.75% in Dec-19 to 8.35% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
Birla Corp |
|
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 1,776.62 |
₹ 1,715.05 |
3.59% |
₹ 1,654.25 |
7.40% |
|
Operating Profit (Rs cr) |
₹ 238.98 |
₹ 206.25 |
15.87% |
₹ 290.89 |
-17.85% |
|
Net Profit (Rs cr) |
₹ 148.42 |
₹ 81.49 |
82.13% |
₹ 166.62 |
-10.92% |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 19.27 |
₹ 10.58 |
|
₹ 21.64 |
|
|
OPM |
13.45% |
12.03% |
|
17.58% |
|
|
Net Margins |
8.35% |
4.75% |
|
10.07% |
|
Related Tags: