Birla Corporation Q1 results: Net profit at Rs. 66 crores

Birla Corporation Q1 results: Net profit at Rs. 66 crores

Birla Corporation Q1 results: Net profit at Rs. 66 crores

Kolkata: To begin with, Birla Corporation posted its Q1 results on Friday. So then, the net profit of the company dropped by 53% at Rs. 66 crores in the June 2020 quarter. Earlier, the net profit of the company stood at Rs. 141 crores in the year-ago period.

On the other hand, the revenue of the company also stood down by 35% at Rs. 1,241 crores during the period under review. Comparatively, it stood at Rs. 1,901 crores in the corresponding previous quarter.

Besides, the cash profit also declined by 44% at Rs. 172 crores as against Rs. 305 crores in the year-ago period. The EBITDA dropped by 37% at Rs. 252 crores during the June 2020 quarter.

August 7th Stock Market Details:

On August 7th, both the Sensex and the Nifty traded at a bearish trend in the stock market. The Sensex lost 61.87 points and reached 37,968.65 levels with a 0.12% loss. On the other side, the Nifty lost 10.60 points and reached 11,192.75 levels with a 0.066% loss.

In the border market, the S&P BSE Midcap index gained 124.94 points with a 0.89% profit and reached 14,142.02 levels. Also, the S&P BSE Smallcap index gained 122.39 points with a 0.90% profit and reached a 13,685.76 level.

Besides, as of August 8th, the number of confirmed COVID-19 cases across India has reached 20,88,611. Also, the number of deaths in the country has reached 42,518.

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