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Birla Corporation jumps despite reporting 24% fall in Q4 consolidated net profit
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Birla Corporation is currently trading at Rs. 1011.70, up by 20.65 points or 2.08% from its previous closing of Rs. 991.05 on the BSE.
The scrip opened at Rs. 1009.00 and has touched a high and low of Rs. 1031.95 and Rs. 1005.75 respectively. So far 15839 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1142.30 on 09-Sep-2022 and a 52 week low of Rs. 822.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1031.95 and Rs. 923.50 respectively. The current market cap of the company is Rs. 7783.70 crore.
The promoters holding in the company stood at 62.90%, while Institutions and Non-Institutions held 22.11% and 15.00% respectively.
Birla Corporation has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 26.84% fall in its net profit at Rs 41.71 crore for the quarter under review as compared to Rs 57.01 crore for the same quarter in the previous year. However, total income of the company increased by 3.55% at Rs 1,565.72 crore for Q4FY23 as compared to Rs 1,512.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 23.52% fall in its net profit at Rs 84.95 crore for fourth quarter ended March 31, 2023 as compared to Rs 111.08 crore for the same quarter in the previous year. However, total income of the company increased by 7.63% at Rs 2,511.68 crore for Q4FY23 as compared to Rs 2,333.54 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 77.63% fall in its net profit at Rs 45.40 crore as compared to Rs 202.92 crore for the previous year. However, total income of the company increased by 13.47% at Rs 5,543.61 crore for year under review as compared to Rs 4,885.32 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 89.84% fall in its net profit at Rs 40.50 crore as compared to Rs 398.59 crore for the previous year. However, total income of the company increased by 16.34% at Rs 8,795.32 crore for year under review as compared to Rs 7,560.00 crore for year ended March 31, 2022.
