Fashion retail sales surge 27% at Aditya Nuvo in Q3FY'13

15 Feb '13

6 min read

On the effectiveness of the scheme and receipt of requisite approvals, equity shares of the resulting company will be listed on the National Stock Exchange of India and The Bombay Stock Exchange.

Aditya Birla Financial Services (ABFS)

ABFS posted strong growth in its profitability and assets size during the quarter. The funds under management of ABFS expanded by 26 per cent to Rs.106,950 crore. ABFS attained revenue of Rs.1,500 crore. Contributed by all the businesses, earnings before tax soared by 57 per cent to Rs.215 crore.

Birla Sun Life Insurance ranked 5th among the private life insurers with a market share of 8 per cent in terms of year to date new business premium. Its Assets under Management (AUM) grew by 22 per cent to Rs.23, 351 crore.

Birla Sun Life Asset Management achieved its highest-ever average AUM (AAUM) at Rs.82,420 crore. It posted highest growth rate in the domestic AAUM among the top 5 players and improved its market share from 8.9 per cent to 9.8 per cent. It continues to be the number 1 fixed income fund manager in India.

Aditya Birla Finance’s lending book size more than doubled to reach Rs.6,500 crore. On quarter on quarter basis too, it has attained a strong 26 per cent growth in its book size.

Telecom

As of 31st December 2012, out of its total 114 million subscribers, Idea reported 98.2 per cent as VLR (active) subscribers, which is the highest in the industry.

Led by a strong 16 per cent growth in total minutes, despite regulations impacting subscribers acquisition, Idea’s revenue and EBITDA grew by 11 per cent to Rs.5,572 crore and Rs.1,501 crore respectively.

Its strong balance sheet and free cash flow generation continues to support Idea’s growth plans.

IT-ITeS

Supported by the conversion of its order book, the revenue of Aditya Birla Minacs grew by 12 per cent to Rs.624 crore. Operating EBITDA at Rs.69 crore is up by 29 per cent. Favourable forex movement also contributed to the growth in profitability.

Manufacturing

Revenue rose by 17 per cent to Rs.2,098 crore and EBITDA grew from Rs.198 crore to Rs.204 crore. Revenue growth was largely driven by higher trading of imported fertilisers. While earnings in the Carbon Black business remained under pressure due to cheaper imports and lower off-take from tyre manufacturers, the Rayon and the Insulators businesses contributed to growth in the profitability.

The Capex plans in the manufacturing businesses includes:

-Agri: The Board of Directors of the company has approved a proposal for urea brownfield expansion by 3,850 tonnes per day (about 1.3 million tonnes per annum) at the existing Indo-Gulf fertilisers

More Aditya Birla Group News... More Textiles News - India...