Aditya Birla Nuvo Q2 profit up 55 pct to Rs 452.05 cr

By: | Published: November 12, 2014 8:08 PM

Diversified firm Aditya Birla Nuvo today reported 55.79 per cent jump in consolidated net profit at Rs 452.05 crore...

Diversified firm Aditya Birla Nuvo today reported 55.79 per cent jump in consolidated net profit at Rs 452.05 crore for the quarter ended September 30, 2014.

It had reported a net profit of Rs 290.15 crore in the July-September quarter of 2013-14 fiscal, Aditya Birla Nuvo Ltd (ABNL) said in a BSE filing.

ABNL’s net income during the second quarter of 2014-15 increased marginally to Rs 6,597.25 crore from Rs 6,492.48 crore in the year-ago period.

Its consolidated Q2 revenue from branded apparels and accessories increased 18.46 per cent to Rs 1,543.15 crore as against Rs 1,302.60 crore of the same quarter last fiscal. Revenue from textiles grew by 12.72 per cent to Rs 350.61 from Rs 311.03 crore.

Revenue from telecom services increased 10.84 per cent to Rs 1,768.85 crore during Q2 as against Rs 1595.84 crore the same period previous fiscal.

While revenue from life insurance business segment also increased 6.08 per cent to Rs 1,149.38 crore during the quarter under review as against Rs 1083.42 of the same quarter last fiscal.

Shares of the company today closed at Rs 1,816 per scrip on the BSE, up 5.33 per cent from previous close.

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