ADITYA BIRLA NUVO LTD = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = GOOD JUMP IN CONSOLIDATED NET PROFIT

Aditya Birla Nuvo Limited

NSE Symbol     ABIRLANUVO

ADITYA BIRLA NUVO LTD has declared good CONSOLIDATED RESULTS for Q3 FY2011 ending Dec,2010.

NET SALES  is Rs.4515 Cr – up by 0.45% from Q2 FY11; by 18.5% from Q1 FY11; by 1.63% from Q4 FY 10; and down by 1.29% from Q3 FY 10.

TOTAL EXPENDITURE  is Rs.4100 cr – down by 2.28% from Q2 FY 11; up by 15.02% from Q1 FY 11; Down by 7.88% from Q4 FY 10; and Down by 7.46% from Q3 FY 10.

Profit from operations is Rs.463 cr – up by 37.52% from Q2 FY 11; Up by 61.31% from Q1 FY 11; Up by 99.22% from Q4 FY 10; and up by a huge 223.1% from Q3 FY 10;

Consolidated Net Profit is Rs.275 cr – up by 162.29% from Q2 FY 11; up by 84.62% from Q1 FY 11; Up by 52.52% from Q4 FY 10; and up by 3255.92% from Q3 FY 10.

Basic EPS (in Rs.) has risen smartly to Rs.26.29 on a face Value of Rs.10 – against Rs.10.13 in Q2 FY 11; Rs.14.41 in Q1 FY 11; Rs.17.24 in Q4 FY 10; and Rs.   0.81 in Q3 FY 10.

Current Market Price is around Rs.766. Current annual EPS could be around Rs.80. Thus, the PE ratio is less than Rs.10.

Most of the improvement has come from lower expenditure rather than higher Sales.

RESULTS TABLE :

Aditya Birla Nuvo- CONSOL	Q3 FY 11	Q2 FY 11	Q1 FY 11	Q4 FY 10	Q3 FY 10
Net Sales	451473	449459	381002	444238	457350
DIF %1	4515	0.45	18.5	1.63	-1.29
Other Oprtg Income	4827	3766	4149	24042	-
Incr./Decr. in SIT / WIP	465	-10733	-3411	-1296	-192
Raw Materials	99722	103784	82788	82611	77005
Traded goods	13547	15077	6785	7881	5243
Employees Cost	61334	62238	57762	54410	58044
Depreciation	23182	23191	22129	23077	22041
Other Expenditure	211714	225975	190373	278338	280868
Total Expenditure	409964	419532	356426	445021	443009
DIF %2	4100	-2.28	15.02	-7.88	-7.46
Profit from Operations	46336	33693	28725	23259	14341
DIF %3	463	37.52	61.31	99.22	223.1
Other Income	5019	5184	4744	5302	5718
Profit before It & EI	51355	38877	33469	28561	20059
Interest	15444	13507	13549	15060	15485
Profit after Int. BB EI	35911	25370	19920	13501	4574
Exceptional items	-	10324	-	-	-
Profit before tax	35911	15046	19920	13501	4574
Tax Expense	5080	3930	4448	-3138	7347
Net Profit after tax	30831	11116	15472	16639	-2773
Net Profit	30831	11116	15472	16639	-2773
Minority Interest	3346	637	584	-1380	-3598
Shares of Associates	-	-	1	-2	6
Consolidated Net Profit	27485	10479	14887	18021	819
DIF %4	275	162.29	84.62	52.52	3255.92
Face Value (in Rs.)	10	10	10	10	10
Paid-up Equity	11351	10301	10301	10301	-
Basic EPS (in Rs.)	26.29	10.13	14.41	17.24	0.81
Diluted EPS (in Rs.)	25.52	9.8	13.9	16.58	0.77

The company says :

Aditya Birla Nuvo Ltd is a US$3.5 billion, diversified conglomerate and the platform that has launched many new businesses for India’s premier business house, the Aditya Birla Group. Aditya Birla Nuvo has a portfolio of manufacturing as well as service sector businesses under its umbrella ranging from textiles to financial services.

The razor sharp focus on each business has made it a leading player in most segments, including viscose filament yarn, carbon black, branded garments, agri business, textiles and insulators. Over the past few years, Aditya Birla Nuvo, through its subsidiaries and joint ventures, has made successful forays into life insurance, telecom, business process outsourcing (BPO), IT services, asset management and financial services.

Powered by an intellectual capital of over 50,000 employees and an optimum mix of revenue and profit streams, the company is in a strong position to invest in high growth businesses to maximize long-term shareholder gains.

As a leading player, Aditya Birla Nuvo ranks as:
 

	India's second largest producer of  viscose Filament Yarn
	The country's largest  premium branded apparel company
	The second largest producer of carbon black in  India
	Largest manufacturer of linen fabric in India
	Among the most energy efficient fertilizer  plants
	India’s largest and the world’s fourth largest producer of   insulators

Among Aditya Birla Nuvo’s joint ventures and subsidiary companies are:

	Idea cellular Limited among top five cellular operators in India
	Birla Sun life Insurance among top five private life insurance companies in India
	Birla Sun life asset Management among top five asset management companies in India
	Aditya Birla Minacs Worldwide Limited among the top ten BPO players in India by revenue size

ANNOUNCEMENTS

TO THE NSE

11-02-2011    Aditya Birla Nuvo Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 167355 lacs for quarter ending on 31-DEC-2010 against Rs. 122275 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 10038 lacs for the quarter ending on 31-DEC-2010 against Rs. 8065 lacs for the quarter ending on 31-DEC-2009.

11-02-2011    Aditya Birla Nuvo Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 451473 lacs for quarter ending on 31-DEC-2010 against Rs. 457350 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 27485 lacs for the quarter ending on 31-DEC-2010 against Rs. 819 lacs for the quarter ending on 31-DEC-2009.

20-12-2010    Aditya Birla Nuvo Limited has informed the Exchange that the Investor Relations & Finance Committee of the Board of Directors of the Company has on December 20, 2010 approved allotment of 1,05,00,000 equity shares of Rs. 10 each fully paid up at a premium of Rs. 531.19 each to the Promoter Group Companies on conversion of equivalent number of Warrants issued to them on June 22, 2009.

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