Birla Capital & Financial Services reports growth

Birla Capital & Financial Services, a BSE listed entity and part of the Rs 3,000 crore Yash Birla Group’s conglomerate, today announced its financial results for its fourth quarter of fiscal 2010.

The company reported a net profit of Rs 3.15 lakhs in the year ended March 2010 as against the net loss of Rs 3.44 lakhs during the previous year ended March 2009.

The company attributed its growth to the granting of merchant-banking license by the Securities and Exchange Board of India (SEBI). The license has enabled the company to offer a wide range of on-shore investment banking advisory and underwriting services in the Indian market.

Mr. PVR Murthy, Group Finance Director, The Yash Birla Group, said “We are pleased to report another successful quarter of growth and operational execution, delivering results that were ahead of the outlook we provided last quarter. As we look ahead, we will remain focused on aggressively selling our broad range of solutions to our existing client base, attracting new users and developing innovation solutions.”

About Yash Birla Group

The Yash Birla Group is a conglomerate of over 20 diversified companies which run the gamut from established sectors like Auto & Engineering, Textiles & Chemicals and Power & Electricals to emerging sectors of today like Wellness & Lifestyle, Education & IT. Today the group has 8 listed entities in India. The group has identified sunrise industries like Education, Healthcare and Renewable Energy as focus areas for the future.