 "Aditya Birla Finance")
Aditya Birla Capital Ltd’s (ABCL) consolidated net profit doubled, year on year, to Rs 577 crore in quarter ended December 2021 (Q3Fy22) on improvement in interest margins in lending activity and gains for sale of stake in mutual fund entity.
It had reported net profit of Rs 288 crore in the same quarter last year (Q3FY21).
ABCL, financial services arm of Aditya Birla group, said consolidated PAT includes net gain of Rs 161 crore from sale of about one per cent stake in the Asset Management Company through its Initial Public Offering in October 2021.
ABCL shares closed one per
