Birla Corporation Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 10, 2021 at 05:52 am EST
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Birla Corporation Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 16,978.4 million compared to INR 16,542.5 million a year ago. Revenue was INR 17,111 million compared to INR 16,754.1 million a year ago. Net income was INR 855.5 million compared to INR 1,666.2 million a year ago. Basic earnings per share from continuing operations was INR 11.11 compared to INR 21.64 a year ago.
For the six months, sales was INR 34,469.5 million compared to INR 28,762.2 million a year ago. Revenue was INR 34,695.1 million compared to INR 29,164.2 million a year ago. Net income was INR 2,270.6 million compared to INR 2,323.9 million a year ago. Basic earnings per share from continuing operations was INR 29.49 compared to INR 30.18 a year ago.
Birla Corporation Limited is an India-based holding company. The Company operates through three segments: Cement, Jute and Others. The Company is primarily engaged in the manufacturing of cement and clinker. It is also engaged in the manufacturing of jute products and steel castings. Its cement products have applications in industrial buildings, dams, cooling towers and bridges, among others. It manufactures varieties of cement, such as ordinary portland cement (OPC-43 & 53 grades), portland pozzolana cement (PPC-fly ash-based), portland slag cement (PSC), sulphate resistant cement and composite cement. The Company's cement products are marketed under the brand names of MP Birla Cement PERFECT PLUS, RAKSHAK, SAMRAT ADVANCED, ULTIMATE ULTRA, UNIQUE PLUS, SAMRAT, ULTIMATE, CHETAK, PSC, MULTICEM and CONCRECEM. Its jute products include jute yarn, floor and wall covering, lino hessian, decorative fabrics, nursery cloth, jute carpets, non-woven jute felt, and hydrocarbon-free bags/cloth.
BIRLA CORPORATION LIMITED 
