Birla Corporation (500335) Q4 24/25 earnings summary

Executive summary

• Achieved strong operational and financial performance in Q4 FY25, with notable improvements in realizations and profitability, driven by higher prices in the North and East regions and robust capacity utilization across plants.

• Approved audited standalone and consolidated financial results for the quarter and year ended 31st March 2025, with unmodified audit opinions.

• Management remains focused on long-term value creation, disciplined expansion, and operational efficiency, with a clear strategy for both core and adjacent businesses.

• Recommended a dividend of ₹10 per share (100%), totaling ₹77.01 crore for FY 2024-25.

• Announced a greenfield cement grinding unit in Gaya, Bihar, with a capacity of 2.8 million tons per annum.

Financial highlights

• Realization improved by over 7% quarter-on-quarter, mainly due to price increases in the North and East.

• EBITDA per ton exceeded INR 1,000, with no one-off incentives or adjustments; results reflect pure operational performance.

• Consolidated revenue from operations for FY25 was ₹9,214.49 crore, down from ₹9,656.22 crore in FY24.

• Consolidated net profit after tax for FY25 was ₹295.22 crore, compared to ₹420.56 crore in FY24.

• Mukutban plant reported 750,000 tons volume for the quarter and 2.5 million tons for the year.

Outlook and guidance

• Industry volume growth expected at 6%-8% for FY26, with company performance projected to be in line or better.

• Board approved significant capex for capacity expansion in Bihar, indicating growth focus.

• Management refrains from providing specific EBITDA guidance due to regional price variability.

• Ongoing ramp-up at Mukutban, targeting 85% capacity utilization next year.