Aditya Birla Capital Q4 Net Profit Rises 33% to Rs 812 Cr
Aditya Birla Capital on Monday reported a 33% rise in its consolidated net profit for the quarter ended March 2024 to 812 crore rupees against 609 crore rupees in the previous fiscal year. Sequentially, the company’s total revenue for the quarter rose 32% to 12,079 crore rupees from 9,146 crore rupees in Q4 FY23.
Key Takeaways from Aditya Birla Capital’s Performance:
- Consolidated net profit rose 33% to 812 crore rupees in Q4 FY24.
- Revenue rose 32% to 12,079 crore rupees from 9,146 crore rupees.
- Housing finance business, disbursements rose 64% Y-o-Y to 2,933 crore rupees.
- Loan Portfolio up 11% to 8,420 crore rupees in Q4.
The company reported a 31% on-year and 8% on-quarter increase in the overall lending portfolio to 1,24,059 crore rupees. Total Assets Under Management (AUM) for the period grew 21% on-year to 4,36,442 crore rupees.
The disbursement of Aditya Birla Capital’s housing finance business surged 64% year-on-year to 2,933 crore rupees in Q4 FY24 and 59% year-on-year to 8,450 crore rupees in FY24. The loan portfolio also rose 11% sequentially and 33% year-on-year to 18,420 crore rupees.
About Aditya Birla Capital:
Aditya Birla Capital Limited (ABCL) is a part of the global conglomerate Aditya Birla Group. As of December 31, 2023, the company managed assets under management of over 4.10 lakh crore rupees with a consolidated lending book of about 1.15 lakh crore rupees through its subsidiaries and joint ventures. ABCL businesses have a nationwide reach with over 1,462 branches, more than 2,00,000 agents/channel partners, and several bank partners.
Read More About Aditya Birla Capital Share Price Here!