IRIL Cover Sheet Results FY02 .XLS - Aditya Birla Nuvo, Ltd

Q4 FY02 – Performance Highlightsq Net revenues declined from Rs. Rs. 353.1 crores to Rs. 330.2 crores‣ Illegal strike at Rayon plant and consequent 41% fall in divisional revenues‣ Poor consumer spending and intense competition led to 14% lower revenues atGarments‣ Textiles revenues lower by 9% on increased demand pressures‣ Impact mitigated partly by superior performance of Carbon Black and Insulatorsv Divisional revenues up by an impressive 28% and 9% respectivelyq Operating Profit down 25% on mixed performance of key businesses‣ Strike and restart costs eroded Rayon profits significantly‣ Profitability of Garments and Textiles suffered on demand pressures‣ Insulator and Carbon Black have been key contributors in mitigating the impact atleast partlyq Profit before exception items and Tax thus declined 24% to Rs. 18.6 croresq Sea Water Magnesia plant disposal completed, resulted in a write-back of Rs.8.9 croresq Net profit after current taxes thus higher by 13% at Rs. 25.3 croresq Provision of Rs. 10.5 crores made for deferred tax liabilities including Rs 3.5crores on account of higher rate8