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

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Steve Cole
Xerium Technologies

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search