The company said the profit during the period under review was largely driven by growth in NBFC, housing finance and asset management businesses
Revenues up 26% to Rs 4,119 crore; lending book expands 29% to Rs 60,129 crore
However, asking price of 1.8x its FY20 book value a key positive for stock
The US investment firm and Indian financial services provider, helmed by billionaire Kumar Mangalam Birla, are expected to deploy this sum over three years
The Aditya Birla Group invested about Rs 2.5 billion in April-December 2017 in the housing finance business
The company stock closed flat at Rs 167 per share on Bombay Stock Exchange
Aditya Birla Capital opts for an image overhaul, groups multiple businesses under a single, simplified brand identity
The stock rallied 8% to Rs 210, extending its 9% gain in past two trading sessions on the BSE on back of heavy volumes.
The stock was up 5% at Rs 213.85, bouncing back 10% from its early morning low of Rs 193.55 on NSE.
NBFC, asset management, life insurance and housing finance are among the fast-growing businesses
Q&A with Dilip Gaur, MD, Grasim & Sushil Agarwal, CFO, Aditya Birla Group
We welcome a investor like Premji Invest to join us in ABCL's journey ahead: Kumar Mangalam Birla