Diversified conglomerate Aditya Birla Nuvo has reported 8% drop in consolidated net profit at Rs 252 crore in the third quarter ended December 2011 as against Rs 275 crore in the same period last fiscal. The bottom line was affected primarily due to higher depreciation and interest costs relating to 3G investments in the telecom business.
Revenue went up by 25% at Rs 5,715 crore as compared to Rs 4,564 crore in the same period last year.
During the nine-month period ended December 31, net profit jumped by 36% to Rs 720 crore and revenue by 22% at Rs 15,824 crore.
