13 November, 2013
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Rs. in crores | ||||||
Quarter 2 | Consolidated Results | Half Year | ||||
2012-13 (Previous Year) |
2013-14 (Current Year) |
2012-13 (Previous Year) |
2013-14 (Current Year) |
|||
1% | 6,435 | 6,493 | Revenue | 11,757 | 12,237 | 4% |
16% | 1,039 | 1,203 | EBITDA | 1,955 | 2,377 | 22% |
2% | 284 | 290 | Net Profit | 551 | 621 | 13% |
Note: The financial results are not comparable with the previous year on account of slump sale of the Carbon Black business with effect from 1st April 2013 and consolidation of Pantaloons business with effect from 1st July 2012. |
Given the testing macro-economic scenario, the company has posted strong earnings and is competitively well positioned in most of its businesses.
Quarterly business-wise review
Aditya Birla Financial Services
Aditya Birla Financial Services (ABFS) is one of the largest players in the non-banking financial services space. With funds under management of Rs.107,959 crore, ABFS ranks among the top 5 fund managers in India, excluding LIC. It posted a revenue of Rs.1,526 crore and earnings before tax of Rs.159 crore during the quarter. It is generating ROACE of 28 per cent per annum.
Fashion & Lifestyle
Revenue of Fashion & Lifestyle business rose by 17 per cent to Rs.1,613 crore and EBITDA by 14 per cent to Rs.155 crore. It expanded its retail presence to 1,587 exclusive brand outlets / stores, spanning nationwide across 4.1 million square feet. It is generating an operating ROACE of 22 per cent per annum.
Telecom
IT-ITeS
Manufacturing (Agri, Rayon and Insulators)
Balance sheet
The standalone net debt to annualised EBITDA improved to 2.1 and net debt to equity improved to 0.41 compared to 3.3 and 0.53 respectively in 2012-13. In November 2013, the promoters infused Rs.671 crore on conversion of remaining warrants.
The strengthening of the company's balance sheet will support its growth plans, going forward.
About Aditya Birla Nuvo Limited
Aditya Birla Nuvo is a US$4.75 billion conglomerate. Over the years, it has successfully ventured into the service sectors viz., Financial Services (Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth Management and general insurance advisory), Fashion & Lifestyle, Telecom, and IT-ITeS. Its razor sharp focus on manufacturing businesses has made it a leading player in the Agri, Rayon and Insulators sectors.
Aditya Birla Nuvo is part of the Aditya Birla Group, a US$42 billion Indian multinational. The Group operates in 36 countries across the globe, is anchored by an extraordinary force of over 136,000 employees belonging to 42 nationalities and derives more than 50 per cent of its revenue from its overseas operations.
Disclaimer : Certain statements in this "Press Release" may not be based on historical information or facts and may be "forward looking statements" within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans & strategy of the Company, its future outlook &; growth prospects, future developments in its businesses, its competitive & regulatory environment and management's current views &; assumptions which may not remain constant due to risks and uncertainties. Actual results could differ materially from those expressed or implied. The Company assumes no responsibility to publicly amend, modify or revise any statement, on the basis of any subsequent development, information or events, or otherwise. This "Press Release" does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Company's shares. The financial figures in this "Press Release" have been rounded off to the nearest Rs one Crore. The financial results are consolidated financials unless otherwise specified.