Aditya Birla Nuvo Q2FY07 Results

Aditya Birla Nuvo Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 548.50 million for the quarter ended September 30, 2007 where as the same was at Rs 537.30 million for the quarter ended September 30, 2006. Total Income is Rs 9231.80 million for the quarter ended September 30, 2007 where as the same was at Rs 9120.70 million for the quarter ended September 30, 2006.

The Consolidated Results are as follows:

The Group has posted a net profit (after minority interest) of Rs 477.80 million for the quarter ended September 30, 2007 where as the same was at Rs 766.60 million for the quarter ended September 30, 2006. Total Income is Rs 30164.10 million for the quarter ended September 30, 2007 where as the same was at Rs 21060.10 million for the quarter ended September 30, 2006.

a) On receipt of requisite approvals on August 08, 2007 the Scheme of Amalgamation of the wholly owned Subsidiary of the Company, Aditya Birla Insulators (ABIL), with the Company had become effective with effect from the Appointed Date i.e., April 01, 2007. Accordingly, as on the Appointed Date, the financials of ABIL have been incorporated in the books of the Company and the results for the previous Quarter ended June 30, 2007 also have been recasted.

b) AV TransWorks Ltd, Canada, a Subsidiary of the Company has completed the acquisition of Minacs Worldwide Inc., Canada on August 17, 2006.

c) On receipt of requisite approvals on September 14, 2007 the Scheme of Amalgamation of Idea Cellular Ltd, a Joint Venture Company, and its certain subsidiaries have become effective with effect from the appointed date, April 01, 2006. Accordingly FY-07 consolidated results of the company have been recasted to give effect thereof.

d) The results for the period(s) are strictly not comparable with that of corresponding period(s) on account of (a) to (c) above.