Aditya Birla Money first quarter net profit up by 11% at Rs 3crore

Aditya Birla Money first quarter net profit up by 11% at Rs 3croreAditya Birla Money (AMB) has announced its first quarter financial results for the fiscal year 2010-11. Aditya Birla Money (AMB) is the retail broking arm of the Aditya Birla Group. According to the report, it has registered a significant 11% net profit rise in the reviewed quarter.

Aditya Birla Money has posted a net profit of Rs 3.01-crore for the quarter that ended in 30th June, 2010. For the similar quarter in the previous year, the net profit for the company was Rs 2.71-crore. Apart from that, the company has also informed that, it has been successful in improving its processes in last few years and has managed to introduce and implement its products properly.

This has informed by the firm in a filing at the Bombay Stock Exchange. There has been a marginal hike in the total revenue of the firm.

The total revenue of the company has gone up to Rs 28.14-crore during the April-June quarter of fiscal year 2010-11. It was Rs 26.66-crore for the same quarter in the preceding year.

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