Aditya Birla Nuvo Q4 net profit rises 88.28% to Rs 331.63 cr

Diversified firm Aditya Birla Nuvo Ltd today reported 88.28 per cent jump in consolidated net profit at Rs 331.63 crore for the quarter ended March 31, 2015.
The company had reported a net profit of Rs 176.13 crore in the January-March quarter of 2013-14 fiscal, Aditya Birla Nuvo Ltd (ABNL) said in a BSE filing.
Net sales during the quarter under review declined by 1.30 per cent to Rs 6,957.36 crore from Rs 7,049.56 crore in the year-ago period.
During the quarter, its consolidated revenue from branded apparels and accessories stood at Rs 1,403.04 crore, an increase of 12.90 per cent, while consolidated revenue from textiles grew by 8.51 per cent at Rs 374.07 crore.

Revenue from telecom services was Rs 1,954.76 crore, an increase of 11.58 per cent, while revenue from life insurance business segment stood at Rs 1,824.53 crore, an increase of 4.89 per cent.
Revenue from other financial services grew by 42.84 per cent to Rs 761.54 crore.

The Board of Directors of the company has recommended a dividend of Rs 7 per equity share for the financial year ended March 2015.
For the fiscal 2014-15, ABNL's consolidated net profit increased to Rs 1,415.5 crore from Rs 1,142.88 crore in 2013-14.
Net sales in 2014-15 increased to Rs 26,114.96 crore from Rs 25,619.36 crore in 2013-14.

The company's shares were trading 3.58 per cent up at Rs 1,894.10 apiece during pre-close session on the BSE.