Aditya Birla Capital Ltd on Monday posted a profit of Rs 708 crore during the third quarter of FY25, reporting a decline of 3.77 per cent in comparison to Rs 735.76 crore during the same quarter of previous financial year. Net Interest Income (NII) stood at Rs 1876 crore, up 7.2 per cent YoY. The company recorded revenue from operations at Rs 9381.35 crore, up 9.28 per cent as against Rs 8584.50 crore during the same quarter of FY24.
The overall lending portfolio (NBFC and HFC), it said, grew by 27 per cent year-on-year and 6 per cent sequentially to Rs 1,46,151 crore as on December 31, 2024. The total AUM (AMC, life insurance and health insurance) grew by 23 per cent YoY Rs 5,03,377 crore as on December 31, 2024. The total premium (life insurance and health insurance) grew by 27 per cent year-on-year to Rs 16,942 crore in 9M FY25.
Aditya Birla Capital has a pan-India presence of 1,482 branches across all businesses as of December 31, 2024. The company is focused on capturing white spaces and driving penetration into tier 3 and tier 4 towns and new customer segments, it said.
Aditya Birla Capital’s performance across segments
The NBFC business posted Q3 AUM growth of 21 per cent YoY and sequential growth of 4 per cent to Rs 1,19,437 crore. Loans to Retail, SME and HNI customers constitute 64 per cent of the total portfolio. Profit before tax for the segment stood at Rs 805 crore.
The Housing Finance business posted disbursements growth of 136 per cent YoY to Rs 4750 crore during the quarter. AUM, meanwhile, grew by 62 per cent on-year to Rs 26,714 crore. Profit before tax went up by 10 per cent on-year to Rs 110 crore
In the Asset Management business, mutual fund quarterly average assets under management (QAAUM) grew by 23 per cet on-year to Rs 3,83,911 crore during Q3, with equity mix at 46.8 per cent. Equity QAAUM grew by 32 per cent YoY to Rs 1,79,481 crore. Individual monthly average assets under management grew by 19 per cent YoY to Rs 1,97,331 crore. Operating profit, meanwhile, went up by 42 per cent YoYto Rs 261 crore
The Life Insurance business posted Individual First Year Premium (FYP) growth of 31 per cent year-on-year to Rs 2,595 crore for 9M FY25. Group New Business Premium grew by 32 per cent YoY to Rs 4,036 crore. Renewal premium grew by 13 per cent year-on-year to Rs 6,555 crore
The Health Insurance business in 9M FY25 posted gross written premium (GWP) growth of 39 per cent year-on-year to Rs 3,337 crore. Market share among standalone health insurers (SAHI) increased by 138 basis points year-on-year to 12.0 per cent.