Aditya Birla Nuvo quarterly revenue up eight per cent

Aditya Birla Nuvo’s consolidated revenue for the quarter ended December 31, 2016, was up eight per cent over the previous year. EBITDA surged 22 per cent. Its divisions (Jaya Shree, Indo-Gulf Fertilisers, Indian Rayon and Aditya Birla Insulators) are India’s leading manufacturers of linen, urea, viscose filament yarn and insulators. Their combined quarterly revenue was lower year-on-year by 15 per cent. Quarterly EBITDA was lower year-on-year by 33 per cent. Return on average capital employed, during these nine months, remained healthy at 19 per cent per annum.