2007-08 - Aditya Birla Nuvo, Ltd

MANAGEMENT’S DISCUSSION AND ANALYSISCONSOLIDATED PERFORMANCERs. CroresProfit and Loss Account 2007-08 2006-07 Change (%)Net income from Operations 12,134.0 8,366.8 45%Other Income 93.1 63.9 46%Operating Profit (PBDIT) 1,101.3 1,139.6 –3%Net Interest 425.0 363.3 17%Depreciation 524.9 422.8 24%Profit Before Tax and Exceptional Items 151.3 353.5 –57%Exceptional Gain/(Loss) 0.7 0.5Profit before Tax 152.0 354.0 –57%Provision for Taxation (Net) 125.9 111.9 12%Net Profit before Minority Interest 26.2 242.1 –89%Less : Minority Interest (124.6) (38.8)Net Profit after Minority Interest 150.8 280.9 –46%Balance Sheet 2007-08 2006-07 Change (%)Net Worth 4,032.9 3,119.6 29%Total Debts 6,647.9 5,461.6 22%Minority Interest 174.4 143.3 22%Deferred Tax Liability 226.2 179.6 26%Capital Employed 11,081.3 8,904.1 24%Aditya Birla Nuvo has posted a strong growth in the top-line on a consolidated basis.Your Company’s consolidated revenues crossed USD3 billion mark during the year, registering a yearon-yeargrowth of 45% from Rs. 8,366.8 Crores toRs. 12,134 Crores. Revenues from its subsidiaries andjoint ventures, where your Company had madesubstantial investments in the past, grew by 66% toRs. 8,209.8 Crores from Rs. 4,946.3 Crores in theprevious year. Life Insurance, Telecom, BPO andGarments businesses were major contributors to therevenues growth. The share of growth businessesgrew to 75% up from 67% in the previous year.Consolidated Revenues (Rs. Crores)12,134.08,336.845%FY 07 FY 08(12)