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Aditya Birla Nuvo Reports Quarterly Results

Mumbai, Maharashtra, India — On Monday, August 4, 2008, Aditya Birla Nuvo reported its results for the quarter ended June 30, 2008. The company’s standalone revenues grew by 38% to Rs. 1,078.9 crores, up from Rs. 780.1 crores for the same quarter in 2007. Higher volumes in the Carbon Black and the Fertilisers businesses contributed significantly to the revenues and earnings. Standalone net profit is up by 23% at Rs. 41.6 crores from Rs. 33.7 crores.

Standalone revenue for the Carbon Black business totaled Rs. 297.66 crores for the quarter ended June 30, 2008, up from Rs. 161.23 crores for the same quarter of 2007. PBIT (profit before interest & tax) for the Carbon Black business totaled Rs. 41.45 crores for the most recent quarter, up from Rs. 28.74 crores from a year ago.

Aditya Birla Nuvo’s consolidated revenues grew by 48% from Rs. 2,184.1 crores to Rs. 3,228.3 crores. Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, grew by 53% to Rs. 2,149.4 crores from Rs. 1,404 crores.

Here is the press release on the results. Here are unaudited financial results for the quarter.

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