Advertisement

HindustanTimes Mon,22 Sep 2014

Aditya Birla Nuvo Q2 net up 42%

HT Correspondent, Hindustan Times  Mumbai, November 09, 2012
First Published: 22:06 IST(9/11/2012) | Last Updated: 22:12 IST(9/11/2012)

Riding on the back of a strong growth in its agriculture and apparel business, Kumar Mangalam Birla-led Aditya Birla Nuvo (ABN) saw its net profit surge 42% year-on-year at Rs. 304 crore in the July-September quarter against Rs. 214 crore in the year-ago period.

Advertisement

Net sales rose 12% at Rs. 5,992 crore against Rs. 5,349 crore a year ago.

Manufacturing sales rose 33% at Rs. 1,947 crore while agriculture sales were up 92% at Rs. 864 crore.

"While some businesses are witnessing earnings pressure, most are contributing to profitable growth," said Sushil Agarwal, CFO, AB Nuvo.


Advertisement
more from Business

FinMin in a quandary over Dabhol project

The government’s diktat to public sector banks to rein in their non-performing assets (NPAs) has brought the focus sharply back on the Ratnagiri power project in Maharashtra (the erstwhile Dabhol plant).

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved