Birla Corporation reported lower net profit and higher income from operations in Q2 FY14.
It recorded a net profit of Rs 41.58 crore in the second quarter to September 30, 2013 against Rs 80.24 crore in the corresponding quarter last year.
Its total income from operations stood at Rs 710.71 crore (Rs 636.12 crore). In its notes to the accounts, Birla Corporation said that following a Supreme Court order, it commenced mechanical mining from the first week of August this year at its limestone mine in Rajasthan.
Because of the mine’s proximity to Chittorgarh fort, mining work of the company at Chanderia had to undergo stoppages or conditional operations, allowed by the courts.