Birla Corporation : Q4FY17 Result

Birla Corporation reported its results for the quarter ended March 31, 2017 on Friday.

The company's total sales for Q4FY17 came in at Rs 932 crore, which represents a 26.1 per cent sequential increase and 5.8 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs. 59.5 crore and its EBIT margin stood at 6.4 per cent.

The company reported PAT of Rs. 59.2 crore, which represents a sequential QoQ increase of 2730.1 per cent and a YoY decline of 44 per cent.

The board of directors has recommended dividend of Rs. 6.5 per equity share on the face value of Rs. 10 each.

The stock today opened at Rs 779, touched intra-day low of Rs. 765.3, and closed at Rs. 769 on the BSE.

Birla Corporation, an M.P. Birla Group company, manufactures cement and jute. It operates in five different business segments: cement, jute, power, automobile and vinoleum.