Birla Corporation soars on reporting over 2-fold jump in Q4 consolidated net profit
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Birla Corporation is currently trading at Rs. 1579.85, up by 20.60 points or 1.32% from its previous closing of Rs. 1559.25 on the BSE.
The scrip opened at Rs. 1656.05 and has touched a high and low of Rs. 1678.00 and Rs. 1575.00 respectively. So far 48747 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1801.25 on 27-Feb-2024 and a 52 week low of Rs. 962.40 on 05-May-2023.
Last one week high and low of the scrip stood at Rs. 1678.00 and Rs. 1434.85 respectively. The current market cap of the company is Rs. 12284.28 crore.
The promoters holding in the company stood at 62.90%, while Institutions and Non-Institutions held 22.39% and 14.72% respectively.
Birla Corporation has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 42.08% fall in its net profit at Rs 59.26 crore for the quarter under review as compared to Rs 41.71 crore for the same quarter in the previous year. However, total income of the company decreased by 3.80% at Rs 1506.22 crore for Q4FY24 as compared Rs 1,565.72 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 193.34 crore for fourth quarter ended March 31, 2024 as compared to Rs 84.95 crore for the same quarter in the previous year. Total income of the company increased by 6.79% at Rs 2,682.12 crore for Q4FY24 as compared Rs 2,511.68 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported over 4-fold jump in net profit at Rs 198.11 crore as compared to Rs 45.40 crore for the previous year. Total income of the company increased by 4.04% at Rs 5,767.76 crore for year under review as compared to Rs 5,543.61 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported over 10-fold jump in its net profit at Rs 420.56 crore as compared to Rs 40.50 crore for the previous year. Total income of the company increased by 10.83% at Rs 9,748.29 crore for year under review as compared to Rs 8,795.32 crore for year ended March 31, 2023.
