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Kolkata Feb. 2 Birla Corporation Ltd, the flagship company of the M P Birla Group, posted 39.12 per cent growth in turnover at Rs 464.40 crore and highest ever profit after tax of Rs 95.14 crore during the quarter ended December 31,2006, according to company sources. The corresponding figures in the same period of the previous year were Rs 333.60 crore and Rs 17.22 crore, respectively.

The operating profit during the period amounted to Rs 145.95 crore and profit before tax Rs 132.84 crore and the EPS to Rs 12.35. The profit after tax for the nine-month period ended December 31, 2006, increased to Rs 225.04 crore.

The company sources would attribute the improvement in performance to increase in the share of blended cement in the overall sales of cement, better realisation and reduction in power cost in the cement division. The planned capacity expansion in plants at Satna (Madhya Prahesh) and Chanderia (Rajasthan) was progressing as per scheduled, the sources added.

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