Aditya Birla Nuvo consolidated Q1 net dips 20% at 264
cr
12/08/2014 17:30
Aditya Birla Nuvo, a diversified conglomerate, said that its consolidated net profit declined 20.2 per cent at Rs 263.7 crore for the quarter ended June 30, 2014 on higher tax cost. The company had posted a consolidated net profit of Rs 331.33 crore in the same quarter a year ago, the company said in a filing to the Bombay Stock Exchange. Total Income of the company increased 7.6 per cent at Rs 6281.730 crore for the quarter ended June 30, 2014 whereas the same was at Rs 5839.12 crore for the quarter ended June 30, 2013. Revenue from telecom services was Rs. 1,879.47 crore, an increase of 13.82 per cent, while revenue from life insurance business segment contributed Rs. 1,068.04 crore, an increase of 19.31 per cent. The firm's consolidated revenue from other financial services increased by 23.98 per cent to Rs 588.25 crore. Operating profit (EBITDA) rose by 10.2 percent on yearly basis to Rs 1,117.5 crore and margin expanded by 30 basis points to 18.2 percent in the quarter gone by. Meanwhile, shares of the company closed trading at Rs 1429.95 a piece, up 0.67 per cent from the previous close on BSE.
12/08/2014 17:30
Aditya Birla Nuvo, a diversified conglomerate, said that its consolidated net profit declined 20.2 per cent at Rs 263.7 crore for the quarter ended June 30, 2014 on higher tax cost. The company had posted a consolidated net profit of Rs 331.33 crore in the same quarter a year ago, the company said in a filing to the Bombay Stock Exchange. Total Income of the company increased 7.6 per cent at Rs 6281.730 crore for the quarter ended June 30, 2014 whereas the same was at Rs 5839.12 crore for the quarter ended June 30, 2013. Revenue from telecom services was Rs. 1,879.47 crore, an increase of 13.82 per cent, while revenue from life insurance business segment contributed Rs. 1,068.04 crore, an increase of 19.31 per cent. The firm's consolidated revenue from other financial services increased by 23.98 per cent to Rs 588.25 crore. Operating profit (EBITDA) rose by 10.2 percent on yearly basis to Rs 1,117.5 crore and margin expanded by 30 basis points to 18.2 percent in the quarter gone by. Meanwhile, shares of the company closed trading at Rs 1429.95 a piece, up 0.67 per cent from the previous close on BSE.
