Aditya Birla Nuvo Q4 net profit down 42% at Rs 170 cr

Aditya Birla Nuvo has reported a consolidated net profit of Rs 170 crore for the fourth quarter of FY12, down 42% as compared to Rs 293 crore in a year ago period due to exceptional loss.

Consolidated net sales jumped 14.83% to Rs 5,922 crore from Rs 5,157 crore year-on-year.

It has reported an exceptional loss of Rs 104 crore during the January-March quarter.

Company has decided to pay a dividend of Rs 6 a share.

The stock closed at Rs 807.30, down 2.60% amid heavy volumes after hitting an intraday high of Rs 830.45 and low of Rs 798.

Source: www.moneycontrol.com

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