Textiles-to-telecom conglomerate Aditya Birla Group’s consolidated revenue has crossed Rs 2.5 lakh crore mark with a growth of 9 percent in the latest fiscal, group chief Kumar Mangalam Birla has said.
Global operations accounted for more than 50 percent of the group’s revenues, which rose by 8 percent in the US dollar terms as well to USD 41 billion “regardless of ups and downs in foreign currency”, Birla added.
“I believe, that the bottom line and the cash in the till is a greater parameter to gauge performance rather than simply revenues. On this score too, we have done well,” Birla said in his annual letter to the shareholders of Aditya Birla Nuvo Ltd, one of the main holding companies of the group.
Giving details of the overall group-level financials, Birla said that the group’s EBITDA (Earnings before interest, taxes, depreciation, and amortization) rose by 9 percent to Rs 32,200 crore, while the same in the dollar terms grew by 8 percent to USD 5.25 billion.
“We have had a good year at the Group level. Our Group’s consolidated revenue crossed the Rs 2.5 trillion mark, setting a new milestone,” he said.
Talking about Aditya Birla Nuvo, whose business portfolio includes the group’s financial services, telecom, fashion and lifestyle, as also agriculture, rayon, linen and insulator arms, Birla said it recorded a turnover of USD 4.4 billion (Rs 26,516 crore).
Stating that all these businesses were poised for higher growth, given the upturn in the economy, Birla said the company has a strong balance sheet and it “continue to play the role of a business incubator, nurture new businesses in sectors that offer promise, and alongside leverage opportunities across its current portfolio”.
