Aditya Birla Capital’s Q4 net profit jumps 52% to ₹258 crore

Mumbai: Aditya Birla Capital Saturday posted a 52 per cent growth in its March quarter net to ₹258.40 crore on a consolidated basis.

The Aditya Birla group's financial services arm had posted a net profit of ₹169.45 crore in the year ago period.

For the fiscal year ended March 31, the company posted a 25 per cent growth in net profit at ₹870.94 crore.

Its total income for the reporting quarter grew to ₹4,730.80 crore from the ₹3,578.44 crore, it informed the stock exchanges.

Among the multiple segments that it operates in, the Non Banking Finance Company posted a profit before tax of ₹352.70 crore against ₹280.77 crore; housing arm's PBT shot up to ₹40.36 crore from ₹12.77 crore, while the same for asset management company grew to ₹180.21 crore from ₹151.26 crore.

The overall lending book grew 23 per cent during the year and despite adverse liquidity conditions, the business was able to raise ₹11,000 crore in long term funds during the second half of the fiscal, the company said.

On the insurance side, the total gross premium for life and general side grew 30 per cent to ₹8,008 crore, while the total assets under management for the AMC stood at ₹2.65 lakh crore.