Birla Corporation Ltd, engaged in the manufacturing of cement, jute goods, polyvinyl chloride floor covering goods, among others announced that it has posted a net profit of Rs. 16.64 crore in the first quarter to June 30, 2015, down by 83.28 per cent as against Rs. 99.52 crore in the first quarter to June 30, 2014.
The company which operates under brand names Birla Samrat Cement and Birla Samrat Ultimate Cement said that additional electricity liability on electricity consumption of Rs. 6.31 crore for its Durgapur unit and Rs. 6.90 crore for wage revision in the cement division have shrunk the profits by Rs. 13.21 crore.
The total income from operations of the company whose auto trim products include Maruti Zen, Maruti-Alto, Maruti-Esteem, Telco-Safari, Mahindra & Mahindra-Scorpio, among others fell by 9.99 per cent to Rs. 787.44 crore during the period under review as against Rs. 874.82 crore during the same period last year.