Aditya Birla Nuvo inches up amid volatility after Q4 results

Aditya Birla Nuvo rose 0.64% to Rs 1240 at 15:16 IST on BSE after consolidated reported net profit declined 11.55% to Rs 176 crore on 1.65% growth in revenue to Rs 7112 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced during market hours today, 20 May 2014.

Meanwhile, the S&P BSE Sensex was up 28.51 points or 0.12% at 24,391.56.

On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 17,752 shares in the past one quarter.

The stock was volatile. The stock surged as much as 4.19% at the day's high of Rs 1283.85 so far during the day. The stock lost as much as 0.49% at the day's low of Rs 1226 so far during the day. The stock hit a 52-week high of Rs 1290.10 on 4 October 2013. The stock hit a 52-week low of Rs 996.40 on 22 August 2013.

The stock had outperformed the market over the past one month till 19 May 2014, surging 11.72% compared with the Sensex's 7.66% rise. The scrip had, however, underperformed the market in past one quarter, jumping 15.04% as against Sensex's 17.57% rise.

The large-cap company has equity capital of Rs 130.08 crore. Face value per share is Rs 10.

Aditya Birla Nuvo (ABNL)'s consolidated EBITDA rose 19.94% to Rs 1263 crore in Q4 March 2014 over Q4 March 2013.

ABNL's consolidated reported net profit rose 7.93% to Rs 1143 crore on 1.58% growth in revenue to Rs 25893 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

EBITDA rose 19.19% to Rs 4937 crore in FY 2014 over FY 2013.

ABNL's board of directors at its meeting held today, 20 May 2014, recommended dividend of Rs 7 per share for FY 2014.

Aditya Birla Nuvo is an approximately $4 billion conglomerate operating in the services and the manufacturing sectors.

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