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Aditya Birla Nuvo reports all round performance

04
May '07
Aditya Birla Nuvo has posted good performance for the year ended 31st March 2007

Substantial growth in revenues:
The company's consolidated turnover of Rs. 8258.0 Crores is up by 65% over Rs. 5006.9 Crores achieved in the preceding year. The Company's stand-alone turnover at Rs. 3420.5 Crores grew by 29% vis-a-vis Rs. 2642.0 Crores attained in the preceding year.

Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, saw a phenomenal rise of 105%, from Rs. 2364.9 Crores to Rs. 4837.5 Crores. All the businesses are on high growth trajectory.
• In BPO business revenues have soared to 1015.5 Crores with the acquisition of Minacs on 18th August 2006. In the preceding year revenues stood at Rs. 163.3 Crores.
• Garments business achieved a turnover of Rs. 830.4 Crores vis-a-vis Rs. 620.6 Crores while maintaining its Industry leadership.

Growth in profit across businesses:
The Company's consolidated Net Profit of Rs. 281.2 Crores grew by 38% over Rs. 204.1 Crores in the preceding year.

Its Stand-alone net profit at Rs. 225.0 Crores is higher by 20% as against Rs. 186.9 Crores earned preceding year. At the operating level all the businesses have done well. The Company's stand-alone operating profit is up by 36% at Rs. 603.8 Crores. A major rise in interest cost on account of borrowings for the acquisition of a higher stake in Idea has strained profit numbers, which could have been much higher.


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