Aditya Birla Group's revenue crosses Rs 2.5 lakh crore
Mail Today Bureau August 31, 2015
Telecom-to-cemnet conglomerate Aditya Vikram Birla Group's consolidated revenue scaled the Rs 2.5-lakh crore mark with a growth of nine per cent for the financial year ended March 31, 2015.
"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," AV Birla Group chairman Kumar Mangalam Birla has stated in his annual letter to shareholders.
The global operations of the Group accounted for more than 50 per cent of its revenues. There was an eight-per cent increase in US dollar terms as well to $41 billion despite the fluctuations 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," he said in his letter to shareholders of Aditya Birla Nuvo Limited.
Giving details of the overall group financials, Birla said that the Group's EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose by 9 per cent to Rs 32,200 crore while in dollar terms there was an eight per cent to $5.25 billion. 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 that it recorded a turnover of $4.4 billion (Rs 26,516 crore).
Stating that all these businesses are poised for higher growth, given the upturn in the economy, Birla said the company has a strong balance sheet and it continues to play the role of a business incubator, nurture new businesses in sectors that offer promise, and alongside leverage opportunities across its current portfolio. Listing out steps towards accelerating top line and bottom line growth and enhancing stakeholder value, Birla said that the company will ensure that it has the right talent at the right time and at the right place for each business.
"Additionally, enhancing customer centricity and excellence capability by developing customer value propositions that are unmatched, stepping up the focus on R&D to increase the share of value-added products across businesses are our focus areas. The thrust on digitisation across our business processes and using analytics and big data continue," he said.