Birla Corporation Q1 net falls 5%

Net income for the MP Birla Group company Birla fell to 111.88 rupees 5.41% crore in the first quarter of this fiscal year over the same period last year.

The company's turnover also fell 1.51% to Rs 642.12 crore in the quarter from Rs 651.99 crore in the same quarter last year.

In a certificate issued by a company of Birla Corporation Chairman Harsh Lodhi said profitability was affected by poor offtake of cement and the increase in coal and freight costs.