Holding company Aditya Birla Capital announced Q3FY24 results: Consolidated Financial Performance: Revenue: Increased by 29% YoY to Rs 9,997 crore in Q3FY24. Profit Before Tax (PBT): Grew by 38% YoY to Rs 1,050 crore in Q3FY24. Profit After Tax (PAT): Rose by 39% YoY to Rs 736 crore in Q3FY24. Lending Portfolio: Overall Portfolio: Saw a 34% YoY increase to Rs 1.15 lakh crore for NBFC and HFC. Asset Management: Mutual Fund Quarterly Average AUM: Grew by 11% YoY to Rs 3.12 lakh crore. Life Insurance: Individual First Year Premium (FYP): Increased by 8% YoY to Rs 1,974 crore for 9M FY24. General Written Premium (GWP) for Health Insurance: Improved by 29% YoY to Rs 2,399 crore for 9MFY24. B2B Platform for MSMEs: Udyog Plus AUM: Reached Rs 100 crore as of December 31, 2023. NBFC Business Highlights for Q3FY24: Disbursements: Up by 26% YoY to Rs 16,550 crore in Q3 FY24. Loan Portfolio: Increased by 35% YoY to Rs 98,601 crore. Net Interest Margin (NIM): Stood healthy at 6.88%. Housing Finance Highlights for Q3FY24: Disbursements: Saw a 45% YoY growth to Rs 2,016 crore in Q3 FY24. Loan Book: Grew by 27% YoY to Rs 16,538 crore. Profit Before Tax: Increased by 28% YoY to Rs 100 crore. Asset Management Business Highlights for Q3FY24: Equity Mix: Constituted 43.7% of the Mutual Fund Quarterly Average AUM. Passive AUM: Grew by 36% YoY to Rs 29,299 crore. Result PDF
Holding company Aditya Birla Capital announced Q2FY24 & H1FY24 results: Key Highlights: 1. Overall lending portfolio (NBFC and HFC) increased by 41% YoY to Rs 1.09 lakh crore. 2. Mutual fund quarterly average AUM grew by 10% YoY to Rs 3,10,899 crore. 3. Individual first-year premium in life insurance increased by 13% YoY to Rs 1,189 crore in H1FY24. 4. Gross written premium of health insurance grew by 23% YoY to Rs 1,561 crore in H1FY24. 5. Consolidated revenue grew by 22% YoY to Rs 8,831 crore in Q2FY24. 6. Quarterly consolidated PBT crossed Rs 1,000 crore in Q2FY24, marking a 146% YoY growth. 7. Consolidated PAT stood at Rs 705 crore in Q2FY24, reflecting a 144% YoY growth. 8. Udyog Plus, the B2B platform for MSME, crossed a Rs 100 crore disbursement milestone. Highlights of NBFC business for Q2FY24: 1. Disbursements grew by 32% YoY to Rs 16,477 crore. 2. Loan portfolio expanded by 44% YoY to Rs 93,522 crore. 3. Net interest margin (NIM) increased by 16 basis points YoY to 6.87%. 4. Profit before tax grew by 51% YoY to Rs 736 crore. 5. Return on assets increased by 10 basis points YoY to 2.51%. 6. Gross stage 2 and 3 assets decreased by 326 basis points YoY and 22 basis points sequentially to 5.24%. Highlights of Housing Finance business for Q2FY24: 1. Disbursements grew by 52% YoY to Rs 1,882 crore. 2. Loan book expanded by 23% YoY to Rs 15,439 crore. 3. Profit before tax increased by 28% YoY to Rs 97 crore. 4. Return on assets grew by 9 basis points YoY to 2.03%. 5. Gross stage 2 and 3 assets declined by 390 basis points YoY and 38 basis points sequentially to 4.39%. Highlights of Asset Management for Q2FY24: 1. Mutual fund quarterly average assets under management (QAAUM) increased by 10% YoY to Rs 3,10,899 crore. 2. Individual monthly average assets under management grew by 11% YoY to Rs 1,59,069 crore in September 2023. 3. Monthly systematic investment plan (SIP) inflows grew by 4% YoY to Rs 968 crore in September 2023. 4. Passive AUM grew by 68% YoY to Rs 28,438 crore. Highlights of Life Insurance business for H1FY24: 1. Individual First Year Premium (FYP) grew by 13% YoY to Rs 1,189 crore. 2. Renewal premium grew by 19% YoY to Rs 3,521 crore. 3. 13th-month persistency improved to 87% in September 2023. 4. Net VNB margin expanded by approximately 195 basis points YoY to 14.2%. 5. Embedded value grew by 13% over March 2023 to Rs 10,226 crore. Highlights of Health Insurance business for H1FY24: 1. Gross written premium grew by 23% YoY to Rs 1,561 crore. 2. Market share among standalone health insurers was 10.7%. 3. Combined ratio was 119%. 4. The net loss reduced to Rs 140 crore in H1FY24 from Rs 149 crore in H1FY23. Result PDF