Aditya Birla Nuvo Q4 net plunges 63%; Scrip nosedives over 10% in a single day
Aditya Birla Nuvo, a diversified conglomerate, has registered fall of 62.55 % in its net profit to Rs 26.39 crore for the quarter ended March 31.
The company had a net profit of Rs 70.48 crore in the same quarter ended March 2008.
However, company’s total Income has increased by 3.17% to Rs 1193.74 crore, from Rs 1156.95 crore for the quarter ended March 31, 2008.
For the year ended March 31, 2009 the company has posted a net profit of Rs 137.43 crore, down 43.46% from Rs 243.07 crore in the same period previous fiscal.
Further, the company again registered rise in its total Income, which surged 21.49% from Rs 3965.80 crore for the year ended March 31, 2008 to Rs 4818.20 crore for the year ended March 31, 2009.
Aditya Birla Nuvo Limited, operates in various segments, including viscose filament yarn, carbon black, branded garments, agriculture, textiles, and insulators. In addition, the company, through its subsidiaries and joint ventures, also offers life insurance, telecom, business process outsourcing (BPO), information technology (IT), asset management, and financial services.
The scrip of company closed today at Rs 524, down 10% compared to previous close of Rs 585. The shares touched an intraday high and low of Rs 610 and Rs 514 respectively.