On a comparable basis, Birla Corporation said, consolidated revenue was up by 9 per cent year-on-year (YoY).
The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers
According to the technical analyst from Anand Rathi, IEX can be bought for a target of Rs 156, while Birla Corp can rally to Rs 1,020.