Aditya Birla Chemicals Posts 40% Rise in Q1 Net

New Delhi: Aditya Birla Chemicals on Tuesday reported a 40 per cent increase in net profit at Rs 20.36 crore for the quarter ended June 2015.

The company had registered a net profit of Rs 14.55 crore for the corresponding period a year ago.

Total income from operations rose to Rs 287.98 crore, from Rs 285.99 crore a year ago.

Earlier this month, the shareholders had approved the merger of Aditya Birla with Grasim Industries. The two Aditya Birla Group companies are being merged in order to consolidate similar businesses under one roof.

Aditya Birla Chemicals is the manufacturer of chlor-alkali and has three manufacturing plants located at Rehla (Jharkhand), Renukoot (Uttar Pradesh) and Karwar (Karnataka) with an installed capacity of 2,93,000 tonnes of caustic soda per annum and 110 MW of captive power plant.