Earnings News

Aditya Birla Nuvo Q4 Stand-Alone Profit Drops

Aditya Birla Nuvo Ltd. reported fourth-quarter stand-alone net profit of Rs.63.61 crore, down from Rs.94.89 crore for the quarter ended March 31, 2011. Total income increased to Rs.2,254.16 crore form the Rs.1,795.71 crore in the corresponding quarter of the preceding year.

On a consolidated basis, its net profit fell to Rs.170.27 crore from Rs.293.56 crore in the year-ago quarter. Total income rose to Rs.6,081.14 crore from Rs.5,276.65 crore in Q4FY11.

The company recommended a dividend of Rs.6.00 per equity share of Rs.10 each and Rs.6.00 per preference share of Rs.100 each for the fiscal year 2012.

At the BSE, Aditya Birla Nuvo shares are currently trading at Rs.810.00, down 2.27 percent from the previous close.

by RTTNews Staff Writer

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