Aditya Birla Nuvo reports net profit of Rs. 47.8 Cr. for second quarter

November 14th, 2007 - 8:12 am ICT by admin  
The company’s consolidated revenues at Rs. 3,000.5 Crores are up by 43percent from Rs. 2,092.1 Crores achieved during the corresponding quarter of FY 2007.

Revenues from its subsidiaries and joint ventures, where the company has made substantial investments in the past, saw a rise of 74percent to Rs. 2082.8 Crores from Rs. 1,195.6 Crores. The focus during the quarter was accelerating growth in the telecom business, regaining market share in the life insurance business, building capacities in the BPO business towards profitable growth and expanding manufacturing capacities in value businesses.

All the businesses are on a growth trajectory.

The Telecom business registered a 55percent rise in revenues at Rs. 1562.2 Crores vis-

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