A Birla Nuvo

Aditya Birla Nuvo is a well diversified company and it posted a good set of numbers for Q1Fy16. Consolidated revenue rose 10% (YoY) at Rs.6820 crore and net profit was up 50% at Rs.397 crore. EBITDA for the quarter came in at Rs.1671 crore, up 31%.

The biggest revenue contributors are telecom, which is essentially Idea Cellular at 30% and financial services (insurance included), also at 30%. It Fashion & lifestyle business has two formats – Pantaloon and Madura and together they showed a 14% rise in revenue and 37% jump in EBITDA. Madura remains the biggest contributor here. Idea did very well, with a subscriber base of 166 million active subscribers and third largest telecom company with a revenue market share of 18.2%. Its revenue rose 16% and EBITDA was up 32%. In manufacturing segment (Includes Jaya Shree, Indo-Gulf Fertilisers, Indian Rayon and  Aditya Birla Insulators), which comprises of agri, rayon and insulators with a 16% rise in revenue and 41% jump in EBITDA.

The company also plans to fund the growth capital requirements of the Financial Services business to the tune of Rs.600 crore. The company has recently forayed in the Solar Power business which will also require equity funding to bid for upcoming projects.