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Cementing the Future: Birla Corp’s ₹10 Dividend and New 2.8 MT Plant Signal Ambitious Growth Spree

Updated: May 09, 2025 18:48

Image Source: Trade Brains
Birla Corporation Ltd. has declared a healthy dividend and aggressive expansion plans, highlighting the company's solid financial performance and focus on future growth in India's cement sector.
 
Key Points:
  • Dividend Hike: The board has suggested a dividend of ₹10 per share for FY 2024-25, rewarding shareholders following a year of record profit. The dividend will be distributed within 30 days of approval by the shareholders at the forthcoming AGM.
  • Profit Boom: Birla Corporation recorded a 127% quarter-on-quarter increase in net profit in January-March, at ₹193.34 crore, beating analysts' expectations by a large margin. For FY24 as a whole, net profit grew 938% to ₹420.56 crore, as there was better operating efficiency and ramp-up of capacities, particularly in the Mukutban unit.
  • Revenue Growth: Operating revenue in FY24 grew 11.3% at ₹9,662.72 crore, thanks to across-the-board improvement in all business verticals and deliberate investment in building capacities.
  • Greenfield Expansion: The company is establishing a greenfield cement grinding facility with an annual capacity of 2.80 million tons as part of a larger plan that includes other greenfield and brownfield projects in Uttar Pradesh and Madhya Pradesh. These expansions are to enhance Birla Corporation's market position and address growing demand for cement in India's infrastructure and housing markets.
  • Leadership Commentary: Birla Corporation's performance was attributed by Chairman Harsh Vardhan Lodha to total operational enhancements and effective implementation of capacity-building activities, setting the stage for consistent growth.
Thanks to a rich dividend, rocketing profits, and fresh capacity in the future, Birla Corporation is solidifying its position as the industry leader.
 
Sources: Birla Corporation Annual Report, Economic Times, NDTV Profit, Business Standard

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