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Aditya Birla Capital reports 33% increase in 9-month profit at R617 cr

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09 February 2018

Aditya Birla Capital Limited (ABCL), the holding company of all the financial services businesses of the Aditya Birla Group, has reported a net profit (after minority interest) of Rs617 crore for the nine months ended 31 December 2017 - a 33 per cent increase year-on-year.

Consolidated earnings before tax (EBT) for the October-December 2017-18 quarter increased 30 per cent to Rs409 crore from Rs315 crore in the comparable previous-year quarter.

Earnings before tax, adjusted for investments in its recently launched health insurance business, grew 38 per cent over the prior comparable quarter.

Consolidated revenue, on a year-on-year basis, increased 26 per cent to Rs3,325 crore from Rs2,631 crore in the previous year period.

ABCL said its insurance unit Aditya Birla Sun Life AMC Ltd (ABSLAMC) saw its assets under management (AUM) rise 31 per cent year-on-year to reach an all time high of Rs2,99,893 crore.

Lending book (Including housing), rose 41 per cent year-on-year to reach an all time high of Rs46,522 crore.

ABSLAMC, one of the fastest growing asset management companies in India, recorded a 33 per cent year-on year growth in its quarterly average AUM (AAUM) at Rs262,223 crore.

The company also achieved the highest ever market share of 10.8 per cent in the quarter. It also claimed to have achieved the highest ever domestic equity market share of 9.2 per cent.

The strong focus on scaling up retail and high margin assets continued, with its domestic equity AAUM expanding by 84% year on year to ` 79,985 crore.

EBT increased by 72 per cent over the prior year comparable quarter, to Rs135 crore from Rs78 crore.

ABCL said Aditya Birla Finance Ltd (ABFL) continued to have consistent, strong growth with a focus on high asset quality, robust risk management and profitability.

ABFL's lending book expanded by 33 per cent year-on-year to Rs39,770 crore. The quality of portfolio remains sound with gross NPA at 0.70 per cent and net NPA at 0.47 per cent.

Net worth increased by 36 per cent year-on-year to Rs5,882 crore.

Earnings before tax (EBT) increased by 29 per cent year-on-year to Rs289 crore.

Aditya Birla Housing Finance Ltd. (ABHFL) is reported to have doubled its loan book to Rs6,752 crore from Rs3,235 crore in the comparable previous year period.

Quarterly earnings before tax increased to Rs8 crore from Rs4 crore in the comparable prior year period with scaled up affordable housing lending to Rs150 crore.

Net worth increased to Rs 645 crore in Q3 FY 2017-18

ABHFL, which is claimed to be a fast growing housing finance company, is currently operating with 44 branches and over 2,300 channel partners pan India.

Aditya Birla Sun Life AMC Ltd (ABSLAMC), one of the fastest growing asset management companies in India, recorded a 33 per cent year-on year growth in its quarterly average AUM (AAUM) at Rs262,223 crore.

Achieved highest ever market share of 10.8 per cent and the highest ever domestic equity market share of 9.2 per cent during the quarter. Its domestic equity AAUM expanded by 84 per cent year on year to Rs79,985 crore.

EBT increased by 72 per cent over the prior year comparable quarter, to Rs135 crore from Rs78 crore.

Aditya Birla Capital Limited (ABCL) is the holding company of all the financial services businesses of the Aditya Birla Group. It has a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business.





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