Aditya Birla Nuvo’s Q2 net profit at Rs 2,184.60 million

In its financial results for the quarter ended September

30, 2013, Aditya Birla Nuvo has registered a net profit of Rs 2,184.60 million against Rs 963.20 million for the quarter ended September 30, 2012. Total income stood at Rs 22,597.70 million for the quarter compared to Rs 25,842.20 million for the quarter ended September 30, 2012.

The group’s consolidated net profit after taxes and minority interest was at Rs 2,901.50 million, whereas the same was at Rs 2,837.30 million for the same quarter last year. Total income was Rs 65,658 million for the quarter ended September 30, 2013 against Rs 65,301.60 million for the quarter ended September 30, 2012.

It has also announced that pursuant to the Scheme of Arrangement under Section 391 to 394 of the Companies Act, 1956, the fashion retail business 'Pantaloon Format' of Pantaloon Retail (India) sanctioned by High Court of Bombay has been transferred by way of demerger to Pantaloons Fashion & Retail Limited (PFRL) with effect from April 08, 2013.