India: Birla Corporation recorded US$279m in consolidated sales in the first quarter of its 2023 financial year, which began on 1 April 2022. The figure corresponds to a 25% year-on-year increase from the producer’s first-quarter 2022 financial year sales figure. The Times of India newspaper has reported that Birla Corporation more than doubled its cement production capacity utilisation. The producer’s net profit dropped by 56% year-on-year to US$7.78m from US$17.8m in the first quarter of the 2022 financial year.
Sales rise as profit declines for Birla Corporation in first quarter of 2023 financial year
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