Aditya Birla Nuvo Q1 FY07 net swings 83 pc

New Delhi, July 29 (UNI) Aditya Birla Nuvo today posted 83 per cent growth in net profit at Rs 56.28 crore for the first quarter ended June 30, 2006, as against Rs 30.75 crore for the same quarter last year.

The total income of the company stood at Rs 799.44 crore for Q1 FY07, up by 63 per cent, as compared to Rs 487.55 crore for Q1 FY06.

Aditya Birla Nuvo reported a consolidated net profit of Rs 66.71 crore for the quarter, whereas it was Rs 33.03 crore for the quarter ended June 30, 2005.

The total income was Rs 1,480.49 crore for Q1 FY07 against Rs 778.96 crore for Q1 FY06.

The company said, due to the merger of Indo Gulf Fertilisers Ltd and Birla Global Finance Ltd with the company from September 1, 2005, the results for the quarter were not comparable with that of the corresponding quarter.

UNI CS PV KN1556