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.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines