Aditya Birla Nuvo Q1 profit rises 24% | business | Hindustan Times
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Aditya Birla Nuvo Q1 profit rises 24%

business Updated: Aug 09, 2013 22:44 IST
HT Correspondent
Aditya Birla Nuvo Ltd

Aditya Birla group company Aditya Birla Nuvo Ltd (ABNL) on Friday reported a 24% year-on-year rise in net profit to Rs 331 crore during the April-June quarter on all-round growth across businesses.

Revenues grew 8% to Rs 5,745 crore during the quarter.

"Amidst the challenging marco-economic scenario, ABNL has posted strong earnings growth. The company is competitively well positioned in most of its business," the company said in a statement.

Among its subsidiary companies, Aditya Birla Financial Services posted a revenue of Rs 1,366 crore while fashion and lifestyle business reported a revenue of Rs 1,294 crore. Telecom service provider Idea Cellular, in which Aditya Birla Nuvo holds 25% stake, reported a 19% growth to Rs 6,534 crore.