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HindustanTimes Sat,19 Apr 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.

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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.

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