Birla Corporation surges in spite of reporting marginal fall in Q4 consolidated internet profit

Birla Corporation surges in spite of reporting marginal fall in Q4 consolidated internet profit

by admin- Monday, May 6th, 2019 04:43:56 PM

Birla Corporation is presently buying and selling at Rs. 523.50, up with the aid of 22.00 factors or four.39% from its preceding remaining of Rs. 501.50 at the BSE.

The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 526.25 and Rs. 500.00 respectively. So some distance 9373 shares were traded on the counter.

The BSE organization ‘A’ inventory of face cost Rs. 10 has touched a fifty two week excessive of Rs. 818.Seventy five on 08-Aug-2018 and a fifty two week low of Rs. 440.00 on 05-Feb-2019.

Last one week excessive and occasional of the scrip stood at Rs. 526.25 and Rs. 498.Forty respectively. The modern market cap of the organization is Rs. 4022.37 crore.

The promoters keeping within the organisation stood at 62.90%, even as Institutions and Non-Institutions held 18.07% and 19.03% respectively.

Birla Corporation has suggested a fall of 18.Sixty one% in its internet earnings at Rs 87.Forty five crore for the quarter ended March 31, 2019 as compared to Rs 107.Forty five crore for the equal region inside the preceding year. However, general profits of the company increased through 17.30% at Rs 1,296.10 crore for Q4FY19 compared Rs 1,104.Ninety two crore for the corresponding sector preceding 12 months.

On the consolidated foundation, the organization has suggested a marginal fall of two.23% in its net profit at Rs 128.19 crore for the quarter underneath review compared to Rs 131.12 crore for the same quarter within the previous year. However, overall profits of the corporation accelerated with the aid of 12.Seventy four% at Rs 1,897.18 crore for Q4FY19 in comparison Rs 1,682.Eighty one crore for the corresponding sector previous 12 months.

For the 12 months ended March 31, 2019, the organization has reported a rise of nineteen.Sixty seven% in its internet profit at Rs 137.Seventy eight crore compared to Rs 115.Thirteen crore for the previous year. Total income of the agency elevated via 14.37% at Rs four,504.66 crore for yr below assessment as compared to Rs three,938.65 crore for 12 months ended March 31, 2018.

For the yr ended March 31, 2019, at the consolidated foundation, the enterprise has reported a upward push of 66.09% in its net profit at Rs 255.70 crore compared to Rs 153.95 crore for the previous yr. Total earnings of the agency elevated by way of 10.22% at Rs 6,627.20 crore for 12 months underneath overview in comparison to Rs 6,012.Ninety four crore for 12 months ended March 31, 2018.

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