Analyst Concall
Aditya Birla Cap-Aditya Birla Fin merger to complete Mar 31
This story was originally published at 19:51 IST on 3 February 2025
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By Kshipra Petkar
MUMBAI – Amalgamation of Aditya Birla Finance with Aditya Birla Capital will be completed by Mar. 31, Vishakha Mulye, chief executive officer of Aditya Birla Capital said in a post-earnings analyst call on Monday. The board had approved the amalgamation in March 2024, subject to regulatory approvals. She said that the shareholders of the company gave their approval for the merger in January.
Aditya Birla Capital is the holding company of Aditya Birla Finance, Aditya Birla Housing Finance, Aditya Birla Sun Life Insurance, Aditya Birla Health, Aditya Birla Money and Aditya Birla Asset Reconstruction Co. On Monday, the company reported a consolidated net profit of INR 7.08 billion for the quarter ended December.
The ABCD app will be adding new features such as forex, loan against mutual funds, Digisilver and credit line on UPI, as per the investor presentation.
In the analyst call, Aditya Birla Finance Managing Director Rakesh Singh said that the plan was to increase the share of personal and consumer loans to 18-20% of the assets under management from the current 13%, not immediately, but in the medium term. He also said that they plan to grow their unsecured business segment further. As on Dec. 31, the unsecured business was up 12% on year at INR 111.96 billion.
On the National Stock Exchange, shares of Aditya Birla Capital closed 2.4% lower at INR 172.46 on Monday. End
Reported by Kshipra Petkar
Edited by Avishek Dutta
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