Aditya Birla Capital net profit rises 41%

By: |
Mumbai | Published: February 6, 2019 4:36:12 AM

The lender’s net interest margin (NIM) stood at 4.9%, a 30 basis point (bps) growth over Q2FY19. The capital adequacy ratio for the quarter was at 17.5%.

Aditya Birla Capital, Aditya Birla Capital net profit, NBFC businesses profit, housing finance, Aditya Birla CapitalThe NBFC businesses profit grew 22% y-o-y to Rs 323 crore while the housing finance business grew three times y-o-y to Rs 32 crore.

Aditya Birla Capital on Tuesday reported a net profit of Rs 206 crore in Q3FY19, a 41.4% increase year-on-year (y-o-y). The profits were aided by a 29% y-o-y growth in the topline amounting to Rs 3,780 crore. The lender posted a Rs 145 crore profit in Q3FY18. Total income came in at Rs 4,119 crore, up 26% year-on-year pushed up by a 29% y-o-y growth in its lending book to Rs 60,129 crore. “The company’s net profit reflected a significant growth which was largely driven by profit growth in non-bank financial company (NBFC), housing finance and asset management businesses,” said the lender in a statement. The NBFC businesses profit grew 22% y-o-y to Rs 323 crore while the housing finance business grew three times y-o-y to Rs 32 crore.

The lender’s net interest margin (NIM) stood at 4.9%, a 30 basis point (bps) growth over Q2FY19. The capital adequacy ratio for the quarter was at 17.5%. The lender’s expenses were up during the quarter with other total expenses growing at 28.8% y-o-y to Rs 3,498 crore, on account of an 39.5% increase in its finance cost. Aditya Birla Capital is registered with the Reserve Bank of India as a systematically important non-deposit accepting NBFC.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.