Q4FY24 Quarterly & FY24 Annual Result Announced for Birla Corporation Ltd.
Cement & Cement products company Birla Corporation announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Record cement sales by volume and 127% growth in net profit. Capacity utilization of 97% achieved for the March quarter. Consolidated net profit: Rs 193 crore, a YoY growth of 127.1%. Consolidated revenue: Rs 2,682 crore, a growth of 6.8% from the same period last year. Cement Division’s EBITDA per ton: Rs 964, a growth of 56.7% from the same period last year. Cement sales by volume: 4.85 million tons, up 9.4% from the same period a year ago, a record high. Sales of premium products: 55% of total sales for the March quarter. FY24 Financial Highlights: Full year operating profit margin: 15.52%, a growth of over 630 basis points. Full year net profit: Rs 421 crore, more than 10 times the net profit in the previous year. Full year revenue: Rs 9,748 crore, up 10.8%. Power and fuel costs per ton of cement production: Fell 23.8% in the full year. Use of renewable power: Increased to 24.15% of power consumed for the full year. Cement Division’s EBITDA per ton: Rs 808 for the full year, up 69% YoY. Capacity utilization: 89% for the full year, up from 81% in the previous year. Sales of premium products: 54% of total sales for the full year. Sales of high-yielding blended cement by volume: 15.01 million tons for the full year, up 6%. Result PDF06-05-2024
