Birla Corporation's Profit Surges Amid Cement and Jute Revival

M P Birla Group's Birla Corporation Ltd has significantly boosted its consolidated net profit to Rs 119.57 crore in the June quarter of FY26, marking over a threefold increase compared to the previous year. This growth is attributed to stronger cement sales, reduced operational costs, and a positive shift in the jute segment.

According to Friday's regulatory filing, the company's revenue from operations soared by 12.04% to Rs 2,454.22 crore. The consolidated EBITDA also increased by 38% to Rs 379 crore, aided by improved business strategies and favourable market conditions.

Despite encountering flat pricing and maintenance shutdowns in its Cement Division, Birla Corporation's profitability remained resilient. Meanwhile, the Jute Division demonstrated robust performance with a significant turnaround, gaining cash profits and expanding both domestic and export sales. The shares, however, saw an 8.66% drop on the BSE.

(With inputs from agencies.)