Diversified business group, Aditya Birla Nuvo Limited (ABNL) posted a fourth-quarter consolidated net profit of Rs. 170 crore compared with Rs. 294 crore a year ago. This net profit is after taxes, minority interest and share of profit of associates.
For January-March, net sales for the company grew 15 per cent to Rs 5,922 crore (Rs 5,157 crore in Q4 2011).
Total Expenses rose 15 per cent to Rs 5,500 crore.
ABNL, a $4 billion enterprise (Rs 21,536 crore by revenue today), has five lines of business -- Financial Services, Telecom, Fashion & Lifestyle, IT-ITeS and Manufacturing.
The company registered a revenue growth in all the business segments. Profit before tax was higher for the Telecom and Fashion & Lifestyle. Manufacturing, Financial Services and IT-ITeS saw a dip in profit.
In a filing with the Bombay Stock Exchange, the company said it’s board of directors have approved the acquisition of Future Group’s Pantaloons.
The company has also approved a dividend of Rs 6 per equity share.