- Aditya Birla Lifestyle Brands reported a consolidated net profit of Rs 70.4 crore in Q2
- The company’s net profit more than doubled from Rs 31.1 crore in the prior year quarter
- Revenue from operations rose 11.2% year-on-year to Rs 2,266 crore in the September quarter
Aditya Birla Lifestyle Brands Ltd. reported a strong performance in the September quarter, with consolidated net profit more than doubling year-on-year, supported by growth in revenue and operating earnings.
The company's consolidated net profit stood at Rs 70.4 crore in Q2, compared with Rs 31.1 crore in the corresponding quarter last year.
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Revenue from operations increased 11.2% year-on-year to Rs 2,266 crore, from Rs 2,038 crore in the year-ago period, reflecting continued growth in the company's business.
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Operating performance also improved during the quarter. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 13.8% to Rs 360 crore, compared with Rs 317 crore in the corresponding period last year.
The company's EBITDA margin expanded to 15.9% in the September quarter, against 15.5% a year earlier, indicating an improvement of 40 basis points.
The stronger bottom line, alongside double-digit revenue and EBITDA growth, points to an improvement in the company's overall financial performance during the quarter.
The results are on a consolidated basis and compare the September quarter with the corresponding period of the previous financial year.
(This is a developing story)
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