Aditya Birla Nuvo's profit jumps 11.57% to Rs 345 cr

Diversified firm Aditya Birla Nuvo Ltd today reported a 11.57 per cent rise in consolidated net profit at Rs 345.27 crore for the third quarter ended December 31, 2013.
The company had reported a consolidated net profit of Rs 309.45 crore in the same quarter a year ago.
Consolidated total income from operations during the October-December quarter, however, fell to Rs 6,544.80 crore from Rs 6,737.21 crore in the corresponding period last year, the company said in a BSE filing.
During the quarter, there was an increase of 9.34 per cent in consolidated revenue from branded apparels and accessories to Rs 1,231.82 crore. It was Rs 1,126.51 in the same quarter last fiscal.

Consolidated revenue from textiles grew 22.88 per cent to Rs 331.46 crore.
Revenue from telecom service was at Rs 1,669.76 crore, an increase of 18.38 per cent. It was Rs 1,410.41 crore in the same quarter last fiscal.

The life insurance business segment contributed Rs 983.38 crore to the revenue, a decline of 13.3 per cent. It was Rs 1,134.29 crore in the same period last fiscal.
The firm's consolidated revenue from other financial services increased 35.16 per cent to Rs 494.43 crore from Rs 365.81 crore in the corresponding period.
Revenue from IT/ITeS grew by 18.87 per cent at Rs 741.93 crore. It was Rs 624.15 in the same quarter last fiscal.

Company shares were trading at Rs 1102.95 per scrip during the afternoon trade, up 0.51 per cent from its last close on the BSE.