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Business News/ Companies / Company Results/  Aditya Birla Capital Q2 net up 3% at 264 crore

Aditya Birla Capital on Thursday reported a 3% increase in its consolidated net profit to 264 crore for the second quarter ended September.

The company's net profit stood at 256 crore in the same quarter a year ago.

The net profit jumped 33% quarter-on-quarter from 198 crore for first quarter ended June, marking a move towards normalcy and growth, with continued resilience across businesses, the company said.

Total revenue grew by 14% to 4,879 crore during the September quarter as against 4,275 crore in same period of 2019-20, Aditya Birla Capital said in a regulatory filing.

The company is present in non-banking financing business, housing finance, asset management, life insurance, among other areas.

Total asset under management as on September 30, 2020, stood at 3 lakh crore and the total lending book was of 57,592 crore.

Stock of the company closed at 69.40 apiece on BSE, up 3.04% over previous close.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Updated: 05 Nov 2020, 05:44 PM IST
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