India: Birla Corporation’s sales revenue has risen by 16% year-on-year to US$134m in the quarter that ended on 30 June 2016 from US$115m in the same period of 2015. Its net profit rose to US$14.1m from US$3.73m. Its cement sales revenue rose by 31% to US$125m from US$107m. The company’s cement sales volumes rose by 11% to 2.17Mt from 1.96Mt.
Shri Harsh V Lodha, chairman of the company, said that operating costs at its Chanderia and Satna cement plants could be reduced following efficiency drives, improving fuel mixes and lower fuel prices. Packaging costs have fallen following a reduction in the cost of polypropylene granules. The use of petcoke at the Chanderia and Satna plants has also helped to reduce costs.
