Home / Knowledge / News / Apparel/Garments / Q4FY15 net soars 87.5% at Aditya Birla Nuvo
Q4FY15 net soars 87.5% at Aditya Birla Nuvo
May '15
Net profit at Kumara Mangalam Birla led Aditya Birla Nuvo Ltd soared 87.50 per cent year over year in the three months to March 31, 2015.

In a BSE filing, Aditya Birla Nuvo said its net profit surged to Rs 342.95 crore in the fourth quarter of fiscal 2014-15 as against Rs 182.90 crore in the same quarter of previous fiscal.

Net profit was driven primarily by a 40.34 per cent year on year reduction in employee benefit expense and a 40 per cent increase in other income.

However, net sales fell by a marginal 1.30 per cent to Rs 6,957.36 crore from Rs 7,049.56 crore in the three months to March 31, 2014.

Other operating income also zoomed to Rs 116.13 crore in the reporting quarter compared to Rs 61.90 crore, a massive hike of 87.6 per cent.

Aditya Birla Nuvo also managed to reduce its overall expenditure by 3.63 per cent to Rs 6,142.76 crore as against Rs 6,374.70 crore from the fiscal ago fourth quarter.

Overall expense was mainly down from employee benefit expense which fell steeply to Rs 581.28 crore, down 40.34 per cent from the fourth quarter of fiscal 2013-14.

Cost of material consumed also dropped 6.26 per cent to Rs 731.99 crore in the quarter under review to Rs 688.81 crore.

Profit from operations before other income, finance costs and exceptional items climbed to Rs 930.73 in the fourth quarter of 2014-15 compared to Rs 736.76 crore, up 26.32 per cent.

Other income also drove up 40 per cent to Rs 131.87 crore from Rs 96.26 crore in the prior fiscal fourth quarter.

Profit before finance cost and exceptional items mounted 27.55 per cent to Rs 1,062.60 crore in the reporting quarter as against Rs 833.02 crore.

While finance costs related to lending activities of subsidiaries expanded 50.44 per cent year over year to Rs 318.14 crore, other finance costs dipped 33.89 per cent to Rs 171.43 crore.

Profit after finance costs but before exceptional costs rose higher by 58.44 per cent from the same quarter of 2013-14 to Rs 573.03 crore in the last quarter of fiscal 2014-15.

Although for the fourth quarter of 2014-15, Aditya Birla Nuvo did not bear costs of exceptional items, in the fiscal ago quarter, it had borne a one-time expense of Rs 18.64 crore.

So, while pretax profit remained constant at Rs 573.03 crore in the quarter under review, the same declined to Rs 343.03 crore in the three months to March 31, 2014 on account of exceptional items.

For the fourth quarter of 2014-15, Aditya Birla Nuvo bore higher tax expense at Rs 230.08 crore as against Rs 160.13 crore, an increase of 43.68 per cent. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search