Aditya Birla Nuvo Q4 net up by 37 per cent

Mumbai, Apr 28: Aditya Birla Nuvo Ltd has posted a net profit of Rs 54.22 crore for the quarter ended March 31, 2006 as compared to Rs 39.53 crore for the quarter ended March 31, 2005, an increase of 37.16 per cent.

Announcing the results, the company said its total income (net of excise) is Rs 756.59 crore for Q4 FY 05-06 as compared to Rs 486.47 crore in Q4 FY 04-05.

It has posted a net profit of Rs 176.92 crore for the year ended March 31, 2006 (FY 05-06) as against Rs 113.72 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) is Rs 2631.25 crore for FY 05-06 as against Rs 1870.56 crore in FY 04-05.

As per the results, the Group has posted a net profit (after minority interest) of Rs 66.17 crore for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 35.04 crore for the quarter ended March 31, 2005 (Q4 FY 04-05). Total Income (net of excise) is Rs 1682.11 crore for Q4 FY 05-06 as compared to Rs 1000.87 crore in Q4 FY 04-05.

The Group has posted a net profit (after minority interest) of Rs 190.67 crore for the year ended March 31, 2006 (FY 05-06) as against Rs 58.72 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) is Rs 4791.52 crore for FY 05-06 as compared to Rs 3208.16 crore in FY 04-05.

The results for nine-month period have been restated to include the results of the erstwhile IGFL from the Appointed Date. Therefore, the results for the quarter / period / full year are not comparable with that of the corresponding quarter / period / year.

The Board has recommended payment of dividend on Equity Shares for the year ended March 31, 2006 Rs 5 per equity share of 10/- each.

UNI