BIRLACORPNBirla Corporation Ltd.
Birla Corporation Q2 FY27 Results: Consolidated Net Profit ₹37.47 Crore on Total Income of ₹2,441 Crore
- Earnings
- Cement
Reviewed byRachit TripathiBlacklitt Research
Birla Corporation (NSE: BIRLACORPN) reported consolidated total income of ₹2,441.19 crore and consolidated net profit of ₹37.47 crore for the quarter ended 30 Sep 2026, it said in a filing on 31 Oct 2026. On a standalone basis, total income was ₹1,408.34 crore and net profit ₹21.43 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,441.19 crore, up 9.3% YoY and down 8.5% QoQ
- Net profit and EPS: ₹37.47 crore, down 58.6% YoY; basic EPS ₹4.86
- Finance costs: ₹63.12 crore, down 5.1% YoY and 6.1% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,408.34 crore, up 12.8% YoY and down 4.0% QoQ
- Net profit and EPS: ₹21.43 crore, down 59.7% YoY; basic EPS ₹2.78
- Finance costs: ₹20.29 crore, down 0.2% YoY and 9.7% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,441.19 | 2,233.44 | +9.3% | 2,669.41 | -8.5% | |
| Revenue from operations | 2,415.42 | 2,206.53 | +9.5% | 2,646.45 | -8.7% |
| Other income | 25.77 | 26.91 | -4.2% | 22.96 | +12.2% |
| 37.47 | 90.48 | -58.6% | 115.73 | -67.6% | |
| Finance costs | 63.12 | 66.53 | -5.1% | 67.22 | -6.1% |
| Depreciation | 138.47 | 134.31 | +3.1% | 142.30 | -2.7% |
| Tax expense | 14.51 | 40.47 | -64.1% | 39.97 | -63.7% |
| Net profit margin | 1.53% | 4.05% | -2.52 pp | 4.34% | -2.80 pp |
| Tax as share of profit before tax | 27.9% | 30.9% | -2.99 pp | 25.7% | +2.24 pp |
| EPS, basic (₹) | 4.86 | 11.75 | -58.6% | 15.03 | -67.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income grew faster than net profit fell short of it: income rose 9.3% year on year while net profit fell 58.6%. Revenue from operations rose 9.5% to ₹2,415.42 crore, while other income fell 4.2% to ₹25.77 crore, so other income is 1.1% of total income this quarter.
Tax expense was ₹14.51 crore, 27.9% of profit before tax of ₹51.98 crore, against 30.9% a year earlier. Finance costs of ₹63.12 crore are 2.6% of total income. Depreciation rose 3.1% to ₹138.47 crore, and the filing's exceptional items note records none in the quarter.
The filing says ₹4.59 crore of revenue from operations in the quarter relates to price revisions on jute bags sold in earlier years, under Gazette notifications of the Office of the Jute Commissioner. The consolidated segment table shows cement revenue of ₹2,255.59 crore and jute revenue of ₹160.39 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,408.34 | 1,248.07 | +12.8% | 1,466.73 | -4.0% | |
| Revenue from operations | 1,388.33 | 1,229.40 | +12.9% | 1,452.22 | -4.4% |
| Other income | 20.01 | 18.67 | +7.2% | 14.51 | +37.9% |
| 21.43 | 53.12 | -59.7% | 40.75 | -47.4% | |
| Finance costs | 20.29 | 20.33 | -0.2% | 22.48 | -9.7% |
| Depreciation | 50.60 | 47.55 | +6.4% | 49.43 | +2.4% |
| Tax expense | 7.85 | 27.06 | -71.0% | 14.68 | -46.5% |
| Net profit margin | 1.52% | 4.26% | -2.73 pp | 2.78% | -1.26 pp |
| Tax as share of profit before tax | 26.8% | 33.7% | -6.94 pp | 26.5% | +0.33 pp |
| EPS, basic (₹) | 2.78 | 6.90 | -59.7% | 5.29 | -47.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations rose 12.9% year on year, faster than other income, which rose 7.2%. Net profit fell 59.7% to ₹21.43 crore, a larger fall than the consolidated figure. Standalone profit before tax was ₹29.28 crore, and tax of ₹7.85 crore was 26.8% of it.
Standalone other income of ₹20.01 crore is 1.4% of total income, while finance costs of ₹20.29 crore are 1.4% of total income. Consolidated net profit of ₹37.47 crore is ₹16.04 crore above standalone net profit of ₹21.43 crore; the filing's consolidated statement covers the subsidiaries named in its auditor's review report.
Inference
The filing records ₹100 crore of secured NCDs repaid on due dates, with none outstanding at 30 Sep 2026, and ₹50 crore of unsecured commercial papers issued in the quarter, repayable on 14 Dec 2026. The Board on 31 Oct 2026 approved an enabling resolution to issue NCDs of up to ₹250 crore on private placement, with the size and terms left to the Managing Director and CEO.
The filing does not say how much of the ₹250 crore NCD authority will be used, when any issue will be made, or what coupon it would carry. It also does not give the reason for the tax expense in the quarter despite lower profit before tax.
Filed with BSE on . Reference: Original filing (PDF)
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