Aditya Birla Capital PAT jumps over 17% Y-o-Y

Consolidated net profit jumped 17.2% to Rs 250.48 crore on a 14.6% increase in total income to Rs 4,395.19 crore in Q3 December 2019 over Q3 December 2018, due to a diversified business portfolio.

Shares of Aditya Birla Capital edged higher by 1.51% to Rs 100.65. It hit an intraday high of Rs 101.40 and an intraday low of Rs 99.

Consolidated profit before tax fell 3.6% to Rs 342.18 crore in Q3 December 2019 as against Rs 354.87 crore in Q3 December 2018. Consolidated PAT received a major aid from tax expenses during the quarter, which dropped 29.7% to Rs 100.67 crore as compared to Rs 143.20 crore in corresponding quarter last year. The Q3 result was announced after trading hours yesterday, 31 January 2020.

Aditya Birla Capital's overall lending book (NBFC and housing finance) at Rs 60,123 crore and raised approximately Rs 11,000 crore of long-term funds during the nine months.

In its NBFC business, loan book amount stood at Rs 47,933 crore with retail book growing by 30% in Q3 December 2019 as compared to Q3 December 2018. Net Interest Margin (NIM) expanded by 41 bps to 5.24% in Q3 December 2019 as against Q3 December 2018.

In its housing finance business, loan book grew by 13% to Rs 2,190 crore in Q3 December 2019 over Q3 December 2018 and maintaining Net Interest Margin (NIM) at 3% during the quarter. Affordable loan book has grown significantly with 1.8x growth on a year-on-year basis.

In Aditya Birla Capital's insurance business, total gross premium of life insurance and health insurance grew 18% Rs 2,366 crore in Q3 December 2019 as compared to Q3 December 2018.

The holding company's total average assets under management (AAUM) at our mutual fund stood at Rs 2.65 lakh crore. Domestic equity AAUM grew 6% year on year contributing 37% of overall domestic AAUM.

Aditya Birla Capital is an investment company. The firm, through its subsidiaries, provides financing, investment, protection and advisory services to its customers and clients. The company has added 53 offices over the last one year to build a presence across 310 locations.

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