Aditya Birla Capital Ltd. share price target

Aditya Birla Capital Limited (ABCL) reported a decent set of numbers with reported PAT at INR 7.36bn for Q3FY25, lower 4% YoY and 15% QoQ (vs. adjusted PAT of INR 8.34bn in Q2FY25).

Aditya Birla Capital (ABCAP)’s 3QFY25 consolidated revenue grew 10% YoY to ~INR109b and consolidated PAT declined ~3% YoY to ~INR7.1b.

ABCAP reported mixed results in Q3FY25, with: 1) NBFC performing well on asset quality, but weaker on growth, NIMs, and RoA owing to a shift toward secured products.

Aditya Birla Capital (ABCAP)’s 2QFY25 consolidated revenue grew 36% YoY to ~INR120b and consolidated PAT grew 42% YoY to ~INR10b. 1HFY25 PAT grew ~30% YoY and we expect 2HFY25 PAT to grow ~24% YoY.

Aditya Birla Capital (ABCAP)’s 1QFY25 consolidated revenue grew 26% YoY to ~INR102b, and consolidated PAT rose 15% YoY to ~INR7.5b.

Aditya Birla Capital Limited (ABCL) and reimagined its business model. In-line with its goal on building frictionless tech-enabled loan processes and leveraging its group-level ecosystem.

In Jul’22, as Ms. Vishakha Mulye took charge as MD & CEO, AB Capital Limited (ABCL) reimagined its business model. ABCL has been focusing on building frictionless tech-enabled loan processes and leveraging its group-level ecosystem.

ABCAP delivered a decent performance across its key businesses during
Q4FY24.

Aditya Birla Capital (ABCAP)’s 4QFY24 consolidated revenue grew 32% YoY
to ~INR121b and consolidated PAT increased 33% YoY to ~INR8.1b.

ABCAP shares have delivered a strong performance in the last 3 months,
outdoing the NIFTY50 by 25%.

Aditya Birla Capital’s (ABCL) Q4FY23 earnings reflect acceleration in growth momentum and progressive expansion in NIM trajectory. Overall, consolidated PAT stood at Rs6.1bn, up 35% YoY. RoA of 2.5% / 1.9% in the NBFC / HFC subsidiaries improve visibility on achieving the FY24 guidance ahead of the targeted period.

Aditya Birla Capital’s (ABCL) Q3FY23 earnings reflect acceleration in growth momentum and progressive expansion in NIM trajectory. Overall, consolidated PAT (excluding fair value and stake sale gains) of Rs5.3bn (up 27% YoY) was above our estimate of Rs5.1bn. RoA of 2.4%/ 1.9% in the NBFC/ HFC subsidiaries improve visibility on achieving the FY24 guidance ahead of the targeted period.

Aditya Birla Capital’s (ABCL) Q2FY23 earnings reflected accelerated growth momentum, progressive expansion in NIM trajectory and sustained credit cost.

Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. ABCL's subsidiaries have a strong presence across Protecting, Investing and Financing solutions. It is a universal financial solutions group catering to diverse needs of its customers across their life cycles. Powered by more than 22,000 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 200,000 agents/ channel partners and several bank partners. As of December 31st, 2020, ABCL manages aggregate assets under management around Rs.320,000 crores; has a...