Diversified firm Aditya Birla Nuvo today said its consolidated net profit surged over two-fold to Rs 223.91 crore for the quarter ended March 31, 2011, over the same period previous fiscal.
The company had reported a net profit of Rs 109.70 crore in the same period previous fiscal.
The company's net income from operations stood at Rs 4,147.95 crore, as compared to Rs 3,605.27 crore in the same period previous fiscal, Aditya Birla Nuvo said in a filing to the Bombay Stock Exchange (BSE).
For the year ended March 31, 2011, the company posted a net profit of Rs 752.42 crore, compared to Rs 84.03 crore in the previous fiscal.
Net income from operations for the year stood at Rs 17,102.29 crore, compared to Rs 14,645.38 crore in the previous fiscal.
On a standalone basis the company posted a net profit of Rs 94.91 crore for the fourth quarter, as against Rs 145.72 crore in the same period previous fiscal.
The company's standalone net income from operations stood at Rs 1,779.53 crore, as against Rs 1,350.97 crore in the same period previous fiscal.
Aditya Birla Nuvo is a $3.5 billion diversified conglomerate, with a portfolio of manufacturing as well as service sector businesses under its umbrella.
Shares of Aditya Birla Nuvo today closed at Rs 885.25 on the BSE, up 4.18% from the previous close.
