Strong performance; Mukutban plant utilizations improve

11 Mar 2024
5 Min read 
  • Birla Corporation has reported strong performance in its 3QFY24 results update.
  •  The company's Mukutban plant has shown improved utilization and dispatches.
  •  Birla Corporation aims to raise grinding capacity to 25/30mtpa by FY27/FY30.
  •  The company has cut its volume growth guidance for FY24 but maintained EBITDA/t guidance.
  •  State incentives for the Mukutban plant are expected to boost profitability.
  •  The stock is rated as a "Buy" with a target price of INR1,800.
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