Birla Corporation,M P Birla group flagship company,today reported 62.07 per cent decline in net profit to Rs 26.15 crore for the second quarter of this fiscal. It had reported a net profit of Rs 68.97 crore in the same previous corresponding period. Turnover of the company,primarily a cement producer,increased marginally 5.10 per cent at Rs 578.45 crore as compared to Rs 550.34 crore in the previous corresponding period. The company said in a statement that overall economic slowdown affected the financial performance of the company. The hike in lending rates by banks had affected growth in demand from the real estate sector. Company INFO More on Birla Corp Stocks More on Birla Corp
