Aditya Birla Capital reports a 10% rise in consolidated net profit to Rs 835 crore for Q1FY26. Its stock rose 10.7% amid growth in lending, mutual funds, and insurance sectors
The investment arm of Aditya Birla Group stated that its total lending portfolio stood at ₹1,65,832 crore, up 30 per cent Y-o-Y and 5 per cent quarter-on-quarter (Q-o-Q)
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Aditya Birla Capital shares rose nearly 3 per cent after about 46.8 million shares changed hands in pre-market block trades
However, the company's Q4 revenue from opertaions has increased 13 per cent to ₹12,214.04 crore, the company had posted a revenue of ₹10,779.71 crore in last year's Q4
This marks a 6 per cent year-on-year growth when adjusted for one-off gains from the sale of shares in its asset management business through an OFS in the fourth quarter of FY24
Aditya Birla Capital stock jumped 6.2 per cent to ₹217.63 compared to the previous day's close of ₹204.89 on the NSE
Consolidated FY25 net up 8% to ₹3,142 crore; operating profit in Q4 jumps 25%, AUM grows 17% to ₹5.11 trillion, Udyog Plus portfolio crosses ₹3,500 crore
The company's board of directors in its meeting recommended a dividend of Rs 24 per equity share for FY25
Aditya Birla Capital on Monday said it has completed the amalgamation of its wholly-owned subsidiary Aditya Birla Finance with itself to create a unified larger operating NBFC. This follows the order of the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated March 24, and the scheme of amalgamation is effective from April 1, Aditya Birla Capital Ltd (ABCL) said in a statement. In March last year, the decision to merge Aditya Birla Finance with the parent entity was taken by the respective boards, subject to receipt of various statutory and regulatory approvals. The board has also approved the appointments of Vishakha Mulye as the MD and CEO and Rakesh Singh as the executive director of the amalgamated entity, the statement said, adding that these appointments are subject to regulatory and other requisite approvals. In addition, it said, the board has approved the appointment of Nagesh Pinge and Sunil Srivastav as independent directors of the company. Kumar Mangalam Birla,
Margins under pressure for NBFC unit
Aditya Birla Housing Finance Limited (ABHFL), a wholly owned subsidiary of Aditya Birla Capital, on Wednesday said it has raised Rs 830 crore in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC). The funds raised through IFC's investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups, with a particular focus on encouraging homeownership among women, the company said in a statement. A portion will also be allocated to supporting MSMEs (micro, small & medium enterprises), especially women-led enterprises, to drive growth and economic progress, it added. This investment aims to enhance financial inclusion, and uplift underserved communities in the affordable housing and MSME sectors, the company said. "This collaboration with IFC marks a key milestone in advancing financial inclusion and equitable growth," said Pankaj Gadgil, MD & CEO of Aditya Birla Housing Finance ...
The standalone health insurance company is an associate of Aditya Birla Capital and with this acquisition of the shares through rights issue
Aditya Birla Money shares hit a record high of Rs 289, as they surged 17 per cent on the BSE in Thursday's intra-day trade amid heavy volumes in otherwise a weak market.
Top executives of India's leading NBFCs at the Business Standard BFSI Insight Summit discussed whether they feel a need to step out from under the shadow of traditional banks
The company is focused on capturing white spaces and driving penetration into Tier-III and Tier-IV towns and new customer segments
Aditya Birla Capital on Wednesday reported a 42 per cent increase in consolidated net profit to Rs 1,001 crore in the second quarter ended September 2024. The financial services arm of Aditya Birla Group earned a net profit of Rs 705 crore in the same quarter in the previous financial year. The consolidated profit after tax includes a gain of Rs 167 crore on sale of entire stake of 50 per cent in Aditya Birla Insurance Brokers Limited, Aditya Birla Capital Ltd said in a regulatory filing. The total income increased to Rs 10,362 crore during the quarter under review against Rs 7,615 crore in the same quarter last year, it said. Its interest income rose to Rs 4,141 crore compared to Rs 3,444 crore in the same quarter a year ago. Total expenses also increased to Rs 9,034 crore during the second quarter as regards Rs 6,671 crore in the same period previous year. The total Asset Under Management (AMC, life insurance and health insurance) grew by 24 per cent to Rs 5,01,152 crore as on
NTPC has filed for an IPO of its green energy arm, NTPC Green Energy Ltd, with an aim to raise approximately $1.2 billion (Rs 10,000 crore).
The disbursements of Aditya Birla Housing Finance Company grew by 89 per cent Y-o-Y to Rs 3,068 crore in Q1 FY25