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

  • Aditya Birla Capital's total income for the reporting quarter grew to 4,730.80 crore from the 3,578.44 crore
  • On the insurance side, the total gross premium for life and general side grew 30 per cent to 8,008 crore

PTI
Published5 May 2019, 10:40 AM IST

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.

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First Published:5 May 2019, 10:40 AM IST
HomeCompaniesCompany ResultsAditya Birla Capital’s Q4 net profit jumps 52% to ₹258 crore

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