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Birla Corporation surges despite reporting marginal fall in Q4 consolidated net profit

Birla Corporation is currently trading at Rs. 523.50, up by 22.00 points or 4.39% from its previous closing of Rs. 501.50 on 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 far 9373 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 818.75 on 08-Aug-2018 and a 52 week low of Rs. 440.00 on 05-Feb-2019.

Last one week high and low of the scrip stood at Rs. 526.25 and Rs. 498.40 respectively. The current market cap of the company is Rs. 4022.37 crore.

The promoters holding in the company stood at 62.90%, while Institutions and Non-Institutions held 18.07% and 19.03% respectively.

Birla Corporation has reported a fall of 18.61% in its net profit at Rs 87.45 crore for the quarter ended March 31, 2019 as compared to Rs 107.45 crore for the same quarter in the previous year. However, total income of the company increased by 17.30% at Rs 1,296.10 crore for Q4FY19 as compared Rs 1,104.92 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a marginal fall of 2.23% in its net profit at Rs 128.19 crore for the quarter under review as compared to Rs 131.12 crore for the same quarter in the previous year. However, total income of the company increased by 12.74% at Rs 1,897.18 crore for Q4FY19 as compared Rs 1,682.81 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 19.67% in its net profit at Rs 137.78 crore as compared to Rs 115.13 crore for the previous year. Total income of the company increased by 14.37% at Rs 4,504.66 crore for year under review as compared to Rs 3,938.65 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 66.09% in its net profit at Rs 255.70 crore as compared to Rs 153.95 crore for the previous year. Total income of the company increased by 10.22% at Rs 6,627.20 crore for year under review as compared to Rs 6,012.94 crore for year ended March 31, 2018.

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