Aditya Birla Nuvo rose 0.23% to Rs 2,244 at 13:56 IST on BSE after consolidated net profit rose 50% to Rs 397 crore on 10% growth in revenue to Rs 6820 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced during market hours today, 12 August 2015.
Meanwhile, the S&P BSE Sensex was down 218.20 points or 0.78% at 27,647.89.
On BSE, so far 39,000 shares were traded in the counter as against average daily volume of 18,043 shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.67% at the day's high of Rs 2,276.30 so far during the day. The stock fell as much as 2.98% at the day's low of Rs 2,172 so far during the day. The stock had hit a 52-week high of Rs 2,340.10 on 7 August 2015. The stock had hit a 52-week low of Rs 1,402.20 on 12 August 2014.
The stock had outperformed the market over the past one month till 11 August 2015, surging 18.87% compared with the Sensex's 0.74% rise. The scrip had also outperformed the market in past one quarter, advancing 19.86% as against Sensex's 1.3% rise.
The large-cap company has equity capital of Rs 130.14 crore. Face value per share is Rs 10.
Aditya Birla Nuvo's (ABNL) earnings before interest, taxation, depreciation and amortization (EBITDA) rose 31% to Rs 1671 crore in Q1 June 2015 over Q1 June 2014.
ABNL said that the realisation of subsidy in the Agri business and operating cash flows resulted in reduction of net debt from Rs 3584 crore as on 31 March 2015 to Rs 3202 crore as on 30 June 2015.
Going forward, ABNL said it has earmarked a capital expenditure (capex) plan of about Rs 300 crore. The company also plans to fund the growth capital requirements of the Financial Services business to the tune of Rs 600 crore. ABNL has recently forayed in the Solar Power business which will also require equity funding to bid for upcoming projects, the company said in a statement.
Aditya Birla Nuvo (ABNL) is a $4.4 billion premium conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position.
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