Birla Corporation Limited has in the quarter ended 30 June registered a 25.2% increase in revenue even amid tepid cement demand as the Company managed to ramp up capacity utilization (on a like-for-like basis) to 101%.
The Company's consolidated revenue for the first quarter of FY22-23 was Rs 2,218.06 croreagainst Rs 1,758.41 crore in the same period last year. Sales in the first quarter of FY21-22 were disrupted by Covid-related outages and are not strictly comparable with the quarter under review.
Profitability, however, was dented by escalating power, fuel and freight costs. Costs of optimizing Birla Corporation subsidiary RCCPL Private Limited's newly commissioned Mukutban plant in eastern Maharashtra also had a majorimpact on overall profitability,broadly in line with the management's internal projections.
