Birla Corporation Q2 net profit jumps 154%

Birla Corporation has registered a phenomenal growth of 154% in its net profit after tax during the second quarter of the current fiscal.

In the reporting quarter, company's net profit (after tax) stood at Rs 152.05 crore compared with Rs 59.7 crore in the similar quarter previous fiscal.

Further, the company has registered a turnover of Rs 556.3 crore, up 28.93% in the said quarter, as compared to Rs 431.49 crore in corresponding period year ago.

In a separate release, the company has informed that it as achieved the highest-ever profit as well as turnover in the second three month period.

The company has also achieved the highest-ever half yearly profit after tax of Rs 307.39 crore in the financial year 2009-10.