ABCL is the holding company of the financial services business of the Aditya Birla Group.
New Delhi:
Aditya Birla Capital on Monday reported its highest quarterly profit of Rs 488 crore on a consolidated basis for the quarter ended September 2022, up 30 per cent over a year ago, led by the pace of growth in businesses.
It had made a net profit of Rs 377 crore in the same period a year ago.
Aditya Birla Capital Limited (ABCL) said in a release that the company’s total consolidated revenue grew by 21 per cent to Rs 7,210 crore in the July-September period of 2022-23 from Rs 5,970 crore earlier.
Strong momentum in businesses led to 31 per cent year-on-year growth in overall lending book (NBFC and housing finance) to Rs 77,430 crore and 24 per cent year-on-year growth in gross premium (life and health insurance) from 4,394 crore, ABCL said.
It added nearly two million customers during the quarter, leading to an annual growth of 47 percent in the total subscriber base to 41 million.
The company is present in non-banking finance (NBFC) business, housing finance, asset management, life and general insurance, among other sectors.
ABCL is the holding company of the financial services business of the Aditya Birla Group.
Shares of Aditya Birla Capital closed 3.51 per cent higher at Rs 128.45 on the BSE.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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