Aditya Birla Nuvo Q3FY08 Results

Aditya Birla Nuvo Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 840.10 million for the quarter ended December 31, 2007 where as the same was at Rs 527.10 million for the quarter ended December 31, 2006. Total Income is Rs 10993.70 million for the quarter ended December 31, 2007 where as the same was at Rs 8831.80 million for the quarter ended December 31, 2006.

The Consolidated Results are as follows:

The Group has posted a net profit (after minority interest) of Rs 301.70 million for the quarter ended December 31, 2007 where as the same was at Rs 553.40 million for the quarter ended December 31, 2006. Total Income is Rs 36788.30 million for the quarter ended December 31, 2007 where as the same was at Rs 23246.20 million for the quarter ended December 31, 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.

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

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