Aditya Birla Nuvo reports 32% volume growth in carbon black

Aditya Birla Nuvo Limited reported strong quarterly results for the quarter ended June 30, 2011. Net earnings were up 70% compared to the same quarter last year, while the company’s revenue grew by 24% from Rs 3,857 crore to Rs 4,767 crore. Along with strong results in the fashion, apparel and textiles businesses, a 32% volume growth and higher power sales in the carbon black business contributed to the growth.