ABN Textiles biz to raise linen fabrics & flax yarns capacity
01 Nov '07
2 min read
Aditya Birla Nuvo has posted satisfactory performance for the 2nd quarter ended 30th September 2007.
The Company's consolidated revenues at Rs. 3,000.5 Crores are up by 43% from Rs. 2,092.1 Crores achieved during the corresponding quarter of FY 2007.
Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, saw a rise of 74% to Rs. 2082.8 Crores from Rs. 1,195.6 Crores.
The Stand-alone revenues rose to Rs. 917.7 Crores from Rs. 896.5 Crores despite the plant breakdown in fertilisers business for 27 days.
Two of the value businesses viz, Rayon and Insulators achieved the highest ever quarterly revenues. In the Insulators business, revenues more than doubled after the merger of the manufacturing subsidiary with Nuvo w.e.f April 1, 2007.
Consolidated net profit at Rs. 47.8 Crores is lower by 38% against Rs. 76.7 Crores attained in the corresponding quarter of the preceding year largely on account of the gestating nature of its major businesses viz, Life Insurance and BPO.
That said, in revenues, both Life Insurance and BPO businesses have registered impressive growth. The other businesses viz, Telecom, Carbon Black and Insulators have put in an impressive performance growing in revenues and earnings.
The standalone net profit during the quarter was higher at Rs. 54.9 Crores against Rs 53.7 Crores attained in corresponding quarter of last year. Insulators and Carbon Black businesses posted record operating profits during the quarter.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
