Birla Corporation (Birla), a leading Indian cement producer, posted a 14% rise year-on-year revenue rise in the first quarter of the 2019/20 financial year to INR 18.44 billion (US$249.1mn). In the three months to 30 June 2019, Birla’s fiscal earnings before interest, taxes, depreciation, and amortisation (EBITDA) by 49% to INR 4.02bn ($56.07mn), while its net profit rose 68% to INR 1.41bn ($19.75mn).
In a company statement released with its latest trading results, Birla says it is now looking to invest