Aditya Birla Nuvo Limited

Add to watch list to get report alerts
BSE Code: 500303       NSE Code: ABIRLANUVO

Business Profile
Business Profile
Aditya Birla Nuvo Limited (ABNL), formerly Indian Rayon and Industries Limited,is an Rs 1.9 billion multi-product and multi-location industrial conglomerate. The company`s principal activities are to manufacture viscose filament yarn, carbon black, branded apparels, textiles and insulators. It also provides services related to insurance, software and business process outsourcing. ABNL, incorporated in 1963 and a part of Aditya Birla Group, is consolidating its position under the chairmanship of Mr. Kumar Manglam Birla.

ABNL entered the retail garment segment by acquiring Madura Garments, the readymade garment division of Madura Coats Ltd. This acquisition brought into ABNL`s old major apparel brands like Louis Philippe, Van Heusen, Allen Solley, Peter England etc. The company has a 30% share in the Rs. 12 billion branded men wear sector.

The company has a number of subsidiaries -- Birla Sun Life Insurance, PSI Data Systems, Birla Technologies, Laxminarayan Investment, etc conducting their businesses in different sectors. It is one of the leading players of India in viscose filament yarn, branded apparel, carbon black and private sector insurance. ABNL in JV with Birla NGK Insulators Pvt Ltd is India`s largest and world`s third largest producer of insulators.

Financials
The company reported a steep drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 95.11% to Rs 41.10 million from Rs 840.10 million in the same quarter last year. Net Sales for the quarter rose marginally 6.84% to Rs 11724.60 million, while total income for the quarter rose marginally 6.92% to Rs 11754.8 million, when compared with the prior year period. It posted earnings of Rs 0.43 a share during the quarter, registering 95.22% decline over previous year period.

Recent Developments
19-MAY-09
The company will raise Rs 10 billion through the issue of warrants to its promoter group on preferential basis.

14-MAY-09
The company announced that it is forced to temporary shut down ammonia, urea plants operation at Jagdishpur, due to sudden breakdown.

14-JAN-09
The company announced that its maiden private equity fund with an initial commitment of USD 100-million picked up stake in the Bombay Stock Exchange (BSE) for an undisclosed amount.

07-NOV-08
The company allotted 1,250 secured redeemable Non Convertible Debentures (NCDs) aggregating to Rs 1.25 billion on a private placement basis to eligible allottees.

Other Information
Annual Reports for Aditya Birla Nuvo Limited
Annual Report YearDownload Annual ReportDownload Report Preview
2017-18
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99
1997-98
1996-97

Please Note: Clicking on the download link will add the report to your downloaded reports. You will be able to download it at any time during the subscription period.

Free reports will not be deducted from your subscription.


Request a Report
Close
Select Year   
Description