A Birla Nuvo
The company posted a good set of numbers if one discounts the non-recurring expenses. It recorded a 2% (YoY) jump in consolidated revenue at Rs.7112 crore. EBITDA was up 20% at Rs.1263 crore and net profit for the quarter came in at Rs.176 crore, down 11%. But if one takes into account the three non-recurring items – a gain of Rs.24 crore on slump sale of carbon black business, loss of Rs.19 crore on impairment of goodwill relating to investments in broking and wealth management and there was also a one-time interest cost of Rs.88 crore on redemption of CCD owing to divestment of IT-ITeS business. Without these, net profit before the non-recurring items came in at Rs.283 crore v/s Rs.199 crore, showing a rise of 42% on purely operations.
Consolidated business includes the performance of all five business segments — Financial Services, Telecom, Fashion & Lifestyle, IT-ITeS and Manufacturing. All segments, except manufacturing turned in a good performance for the quarter. The company ended FY14 with a consolidated revenue of Rs.25,893 crore, up almost 2%, EBITDA was up 19% at Rs.4937 crore and net profit, after non-recurring items came in at Rs.1143 crore, up 8%. As at 31st March 2014, total borrowings stand at Rs.18,430 crore and reserves is at Rs.11,058 crore. Cash at hand is at Rs.719 crore.