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Axis Securities Report
Birla Corporation Ltd. recorded overall consolidated revenue of Rs 7,461 crore in FY22, registering an excellent growth of 10% YoY. Robust revenue growth was driven by superior demand in Q4 FY22, catering to which, the company’s capacity utilisation touched 108% during the quarter. It also reported the highest-ever volume of 14.2 million tonne per annum during the year.
The company’s consolidated Ebitda in FY22 contracted by 480 basis points to 14.9% owing to higher energy cost during the year, which was up 32% on a per tonne basis YoY.
Birla Corp’s sustained thrust on premium cement paid off well during the year as it jumped to 51% of trade sales in FY22. The share of blended cement, too, was maintained at healthy levels of 91%.
The company also introduced Birla Rakshat cement in the premium category during the year. The sale of blended cement grew by 4% YoY.
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