Birla Corp is part of the MP Birla group. It manufactures cement, jute products, synthetic viscose and cotton yarn. Cement constitutes about 95% of its revenue. It has cement plants in Rajasthan, Madhya Pradesh, Uttar Pradesh and West Bengal. The Company has acquired 100% shares of Reliance Cement Company Private Limited (Reliance Cement) taking its total capacity from 10 MTPA to 15.5 MTPA.

In Q2FY20, premium cement accounted for 41 % of sales through the trade channel, as against 37% in the same period last year, and Share of blended cement in total sales scaled up to 93% from 87% in Q2FY19.

In Q2FY20, EBITDA/tonne increased 61% YoY to INR975 and EBITDA grew 68% YoY to INR3.1b abd PAT grew 5x YoY to INR883m.

Birla Corp is also engaging with a global consultancy to streamline systems and processes for both inbound and outbound logistics. However, ongoing capex plans will also keep debt at elevated levels over the medium term

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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