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Informist, Monday, Feb. 3, 2025

 

--Aditya Birla Cap Oct-Dec net profit INR 135.1 mln vs INR 255.8 mln yr ago 

--Aditya Birla Cap Oct-Dec revenue INR 328.2 mln vs INR 483.3 mln year ago 

--Aditya Birla Cap Apr-Dec net profit INR 4.54 bln vs INR 1.17 bln year ago 

--Aditya Birla Cap Apr-Dec revenue INR 6.16 bln vs INR 1.92 bln year ago 

 

By Sachi Pandey

 

MUMBAI – Aditya Birla Capital's net profit for the Oct-Dec quarter plummeted 97% on quarter to INR 135.10 million from INR 4.03 billion in Jul-Sept. The sharp decline was attributed to a slowdown in gains from sale of investments and no dividend income.

 

On a year-on-year basis, the company's net profit after tax fell 47.20% as the profit for the year-ago period was INR 256 million. The company reported a significant drop in revenue from gains on sale of investments in Oct-Dec at INR 109 million, against INR 2.52 billion in the Jul-Sept quarter. 

 

The fall in the company's gains on investments and no dividend for the quarter resulted in a 93% drop in total revenue from operations at INR 328 million, compared to INR 5.22 billion in Jul-Sept. It further dragged down the total income to INR 330 million from INR 5.24 billion in the previous quarter. In the same period last year, the company had reported total income of INR 486 million.   

 

The company's consolidated profit for Oct-Dec was at INR 7.08 billion compared to INR 7.36 billion a year ago and INR 10.00 billion in Jul-Sept. 

 

 

The company's total expenses declined 14% year-on-year and 50% quarter-on-quarter to INR 128.00 million. Tax expenses fell to INR 68.00 million from INR 959.00 million the previous quarter.

 

Aditya Birla Capital's overall lending portfolio grew 27% year-on-year and 6% sequentially to INR 1.46 trillion as of Dec. 31. This includes advances by subsidiaries Aditya Birla Finance and Aditya Birla Housing Finance.

 

The company's total assets under management, including subsidiaries – Aditya Birla Sun Life AMC, Aditya Birla Sun Life Insurance, Aditya Birla Health Insurance -, rose 23% to INR 5.03 trillion as of Dec. 31. The gross premium for life insurance and health insurance subsidiaries grew 27% year-on-year to INR 169.42 billion for Apr-Dec.

 

For the first nine months of the financial year, Aditya Birla Capital's standalone total profit stood at INR 4.54 billion, up almost fourfold from INR 1.17 billion in the same period last year. The company's total revenue from operations for Apr-Dec was INR 6.16 billion, up 221% from the year-ago period.

 

On Monday, shares of Aditya Birla Capital ended 4.2% lower at INR 172.46 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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