Aditya Birla Nuvo Q1 net profit down to Rs.26.46 Crores

Aditya Birla Nuvo Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 264.60 million for the quarter ended June 30, 2007 where as the same was at Rs 562.80 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 7482.60 million for the quarter ended June 30, 2007 where as the same was at Rs 7994.40 million for the quarter ended June 30, 2006.

The Consolidated Results are as follows: The Group has posted a net profit (after minority interest) of Rs 998.00 million for the quarter ended June 30, 2007 where as the same was at Rs 667.10 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 23368.30 million for the quarter ended June 30, 2007 where as the same was at Rs 13270.70 million for the quarter ended June 30, 2006.

Due to acquisition of Minacs Worldwide Inc., Canada on August 17, 2006 by A V TransWorks Ltd, Canada a Subsidiary of the Company the Consolidated results for the quarter are strictly not comparable with that of the corresponding quarter. Previous Year's / Quarter's figures are regrouped / rearranged wherever necessary.

The company has reported an Earnings Per Share (EPS) of Rs.2.84 for the Quarter ending June 30, 2007 compared to Rs. 6.74 for Quarter ending June 30, 2006.

The stock closed the day at Rs.1374.60, down by Rs.11.20 or 0.81%. The stock hit an intraday high of Rs.1439 and low of Rs.1360. The total traded quantity was 27507 compared to 2 week average of 58410.

Source : Equity Bulls

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