Aditya Birla Nuvo’s, a diversified company of Aditya Birla group, net losses widened to Rs 141.15 crore on a consolidated basis for the fourth quarter ended March 31, 2009, impacted by losses from BPO, garments and its new life insurance business.
This is in comparison with Rs 21.84 crore recorded during the comparable period of previous financial year.
The company’s total income for the reporting quarter rose 45.5 per cent to Rs 4,275.26 crore, as against Rs 2,937.08 crore recorded for the same period a year ago.
The company, which has a cash and cash equivalent of Rs 750 crore on books, has a consolidated debt of Rs 4,200 crore. It has recently raised Rs 1,500 crore for its capital expenditure.
On a standalone basis, Aditya Birla Nuvo has posted a net profit of Rs 26.39 crore (Rs 70.48 crore in comparable period) on a total income of Rs 1193.74 crore (Rs 1156.95 crore) during the quarter.
The company has recommended a dividend of Rs 4 per equity share of Rs 10 each for the year ended March 31, 2009.
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