The consolidated net profit of Aditya Birla Capital rose 44% year-on-year (y-o-y) in July-September due to a growth in revenues.
The company posted a bottom-line of Rs 705 crore in the quarter under review, higher than the Rs 699 crore estimated by Bloomberg.
The consolidated revenue of the company rose 22% y-o-y to Rs 8,831 crore in the quarter under review due to a strong growth in its lending businesses.
The overall lending portfolio rose 41% y-o-y to Rs 1.1 trillion as on September 30. It rose 8% on a sequential basis.
Aditya Birla Capital has two subsidiaries Aditya Birla Finance and Aditya Birla Housing Finance.
The disbursements of Aditya Birla Finance rose 32% y-o-y to Rs 16,477 crore. Loan portfolio rose 44% y-o-y to Rs 93,522 crore as on September 30.
Net interest margin rose 16 basis points (bps) y-o-y to 6.87% in the quarter under review. Return on assets rose 10 bps y-o-y to 2.51%.
Gross stage 2 and stage 3 assets fell 326 basis points year-on-year to 5.24% as on September 30.
Aditya Birla Housing Finance
The disbursements of the housing finance subsidiary rose 52% y-o-y to Rs 1,882 crore in the quarter under review.
Loan book grew 23% y-o-y to Rs 15,439 crore as on September 30.
Return on assets rose 9 bps y-o-y to 2.03%.
Gross stage 2 and stage 3 assets declined 390 bps y-o-y to 4.39%
The Company has a pan-India presence with 1,403 branches across all businesses as of September 30. The Company’s branch expansion is targeted at driving penetration into tier-3 and tier-4 towns and new customer segments.
The company’s micro, small and medium-sized enterprises (MSME) platform Udyog Plus has received more than 164,000 registrations as of September 30.
In addition to lending business, Aditya Birla Capital also houses a general insurance, life insurance, and health insurance subsidiary.
The total assets under management of non-life businesses grew by 12% y-o-y to Rs 4 trillion as on September 30.