India: Birla Corporation has declared its results for the quarter and nine months that ended on 31 December 2017. The consolidated results include the financials of Reliance Cement Company Private Limited (RCCPL), a wholly-owned material subsidiary of the Company.
The corporation made 3.06Mt in the third quarter, a 22% rise compared to the same period of 2016-2017. In the nine months to 31 December 2017 it produced 9.1Mt of cement, a 11.9% increase year-on-year. It despatched 3.04Mt of cement compared to 2.49Mt in the quarter and 8.98Mt in the nine month period, a 12% rise year-on-year.
In financial terms it took in US$215m in gross sales during the quarter, a 12.7% rise year-on-year. In the nine month period it took in US$667m, a 27.8% rise. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the three months were US$23.6m and for the nine months they were US$93.0m.
