Aditya Birla Capital Q3 net up at Rs 2 bn; revenue rises to Rs 33 bn

Aditya Birla Capital Ltd’s consolidated net profit rose to Rs 2.17 billion in the third quarter ended December 2017 (Q3FY18), primarily on a contribution from lending and asset management units. 

On like to like basis, its consolidated net profit in October-December 2016 (Q3FY17) stood at Rs 1.94 billion.

The company stock closed flat at Rs 167 per share on Bombay Stock Exchange.

Its consolidated revenues rose to Rs 33.25 billion in Q3FY18 from Rs 26.31 billion in Q3FY17.

Its lending business, being run by Aditya Birla Finance and Housing finance company, contributed Rs 13.06 billion to revenue in Q3FY18, up