Aditya Birla Nuvo - Result highlights The consolidated revenues of Aditya Birla Nuvo (ABN) increased by 28.6% year on year (yoy) to Rs3,594.1 crore in Q2FY2009. The operating profit margin (OPM) declined by 499 basis points to 4.9% in Q2FY2009 primarily due to the losses in the insurance, garment and business process outsourcing (BPO) businesses. Furthermore, margin pressure in the major business segments further deteriorated the overall operating profit margin (OPM). Consequently, the operating profit declined by 36.6% to Rs174.4 crore despite a strong revenue growth during the quarter. For the quarter the company has reported a net loss after minority interest of Rs104.6 crore compared with a profit after minority interest of Rs47.8 crore in Q2FY2008. An increase in the interest (up 54.8%), depreciation (up 29.0%) and tax (up 38.5%) expenses resulted in the loss. The interest expenses increased due to a higher short-term debt during the quarter. The company’s tax expenses were higher
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