Birla Corp. - Operating At Healthy Asset Utilisation: ICICI Direct
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ICICI Direct Report
Birla Corporation, the flagship company of the MP Birla Group, has 10 cement plants with total capacity of 15.6 million tonne.
The company mainly operates in Central, North and East regions. Apart from cement, it also has a jute division.
Birla Corp reported better results with Ebitda margin expansion of 126 basis points QoQ despite cost pressure and lower sales volumes due to lockdown.
Revenues were down 18% to Rs 1,749.1 crore led by sales volumes de-growth of 19.7% to 3.4 million tonne due to lockdown. YoY, revenues were up 5.7%.
Ebitda/tonne was up 9.1% QoQ to Rs 1026/tonne (versus last quarter Ebitda/tonne of Rs 940/tonne).
Ebitda margin was at 19.6% versus 18.4% last quarter and 19.1% last year.
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