Aditya Birla Capital

NBFCs don't need bank status to succeed, say top leaders at BFSI Summit

Top executives of India's leading NBFCs at the Business Standard BFSI Insight Summit discussed whether they feel a need to step out from under the shadow of traditional banks

Aditya Birla Capital Q2FY25 results: Net profit up 42% to Rs 1,001 crore

The company is focused on capturing white spaces and driving penetration into Tier-III and Tier-IV towns and new customer segments

Aditya Birla Capital Q2 results: Net profit rises 42% to Rs 1,001 crore

Aditya Birla Capital on Wednesday reported a 42 per cent increase in consolidated net profit to Rs 1,001 crore in the second quarter ended September 2024. The financial services arm of Aditya Birla Group earned a net profit of Rs 705 crore in the same quarter in the previous financial year. The consolidated profit after tax includes a gain of Rs 167 crore on sale of entire stake of 50 per cent in Aditya Birla Insurance Brokers Limited, Aditya Birla Capital Ltd said in a regulatory filing. The total income increased to Rs 10,362 crore during the quarter under review against Rs 7,615 crore in the same quarter last year, it said. Its interest income rose to Rs 4,141 crore compared to Rs 3,444 crore in the same quarter a year ago. Total expenses also increased to Rs 9,034 crore during the second quarter as regards Rs 6,671 crore in the same period previous year. The total Asset Under Management (AMC, life insurance and health insurance) grew by 24 per cent to Rs 5,01,152 crore as on

Stocks To Watch: ICICI Securities, Nazara, NTPC, AB Capital, Tata Power

NTPC has filed for an IPO of its green energy arm, NTPC Green Energy Ltd, with an aim to raise approximately $1.2 billion (Rs 10,000 crore).

Aditya Birla Capital Q1 FY25 results: Net profit rises 16.7% to Rs 758 cr

The disbursements of Aditya Birla Housing Finance Company grew by 89 per cent Y-o-Y to Rs 3,068 crore in Q1 FY25

Birla Estates acquires 5-acre land in Gurugran to build housing project

Realty firm Birla Estates has acquired a 5-acre land in Gurugram to develop a housing project with an estimated revenue potential of more than Rs 1,400 crore. Birls Estates is a wholly-owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group. In a regulatory filing on Monday, Centure Textiles informed that Birla Estates will expand its footprint in the national capital region (NCR) with a strategic land acquisition in Sector 71, Gurugram. "This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over INR 1400+ crore with aesthetically designed residences," it said. K T Jithendran, MD & CEO at Birla Estates, said, "Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region.

Paris 2024: Aditya Birla Capital partners with Indian Olympic Association

Aditya Birla Capital Limited announced its partnership with the Indian Olympic Association (IOA) as the official sponsor of Team India at the Paris Olympics 2024. As a part of this endeavour, Aditya Birla Capital will launch an integrated marketing campaign featuring leading Indian athletes who will represent the country at the Paris Olympics 2024. The campaign will encapsulate stories of athletic excellence, overcoming tribulations, struggles leading up to the defining moments of pride, and will be amplified across mediums including digital, OTT, print, outdoor as well as social media platforms. We extend our sincere gratitude to Aditya Birla Capital for their support and belief in the potential of Indian athletes and in the shared commitment to nurturing sporting talent and cultivating role models for India," IOA president PT Usha said. "The growing support from brands and corporate India who understand the pivotal role sports play in our nation's development, is truly heartening

Stocks to watch on May 30: Tata Steel, Awfis Space Solutions, Cummins India

Stocks to watch on May 30: Cummins India reported a 54.4 per cent spike YoY in net profit to Rs 538.9 crore in Q4FY24 on a consolidated basis compared to Rs 348.9 crore in the corresponding quarter

Aditya Birla Capital infuses Rs 300 crore in housing finance arm

Financial Services firm Aditya Birla Capital on Wednesday said it has infused Rs 300 crore in its housing finance arm Aditya Birla Housing Finance Ltd (ABHFL) to fund business growth. The company is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio, Aditya Birla Capital said in a regulatory filing. Aditya Birla Capital subscribed equity shares of ABHFL, on rights basis for aggregate cash consideration of Rs 300 crore, it said.

Aditya Birla Capital Q4 result: Consolidated net profit up 33% at Rs 812 cr

The company's consolidated revenue grew by 32% Y-o-Y to Rs 12,079 cr

Aditya Birla Capital Q4 results: Net profit doubles to Rs 1,245 crore

Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago. The consolidated profit after tax, excluding one-off items (sale of shares in AMC through OFS in Q4 FY24), grew 33 per cent to Rs 812 crore in the quarter, it said. The total consolidated income of the company grew to Rs 10,964 crore in the quarter from Rs 8,052 crore a year ago, Aditya Birla Capital Ltd (ABCL) said in a regulatory filing. The company is present in non-banking finance (NBFC) business, housing finance, asset management, and life and general insurance, among others. ABCL is the holding company for the financial services businesses of Aditya Birla Group. The total assets under management (AMC, life insurance and health insurance) rose 21 per cent to Rs 4,36,442 crore, it said. The total premium (life insurance and health insurance) grew by 1

Birla targets top 3 spot in mutual fund, lending, and life insurance

Aims to add 30 mn users in 3 years on the back of new financial services platform

Aditya Birla Capital aims to double customers with new digital platform

Aditya Birla Capital is targeting to add 3 crore new customers in the next three years through a digital platform launched on Tuesday, a top official said. Speaking at the launch of the Aditya Birla Capital Digital here, Aditya Birla Group chairman Kumar Mangalam Birla said the purpose of the platform is to acquire new customers in a seamless manner. At present, Aditya Birla Capital serves over 3.5 crore customers across its businesses, including lending, insurance, and asset management. Speaking about the catchment which can be tapped into, Birla said the wider group has a 2.5 lakh strong small business ecosystem and currently serves over 25 crore customers through products and services like telecom, fashion, and retail. A person can choose from 22 products and services across all the offerings of Aditya Birla Capital. He said the ambition of Aditya Birla Capital is to break into the top three in each of the core businesses. Birla said he sees the insurance, credit, and investme

ABCL gains over 10% as Macquarie initiates coverage with 'outperform' call

In its note, Macquarie said ABCL's lending non-banking finance (NBFC), housing finance company (HFC), and life insurance portfolio makes it an attractive proposition

Aditya Birla Capital rallies 6% on plans to merge Aditya Birla Finance

Analysts believe that the amalgamation scheme would offer key positives to Aditya Birla Capital, which includes simplified operations and elimination of Holdco discount.

Aditya Birla Finance may merge with Aditya Birla Cap within next 12 months

This is the second instance of such a merger in the NBFC space. Earlier, Tata Capital Financial Services merged with its parent entity Tata Capital from January 1, 2024

AMC shares scale 52-week highs; HDFC, Nippon, Aditya Birla rally up to 5%

Shares of asset under management (AMC) companies were in demand on Tuesday as robust systematic investment plan (SIP) inflows helped sustain assets under management (AUM) growth momentum in January.

Aditya Birla Capital Q3 results: Consolidated net up 39% at Rs 736 crore

The company's consolidated revenue grew by 29 per cent Y-o-Y to Rs 9,997 crore, up from Rs 7,743 crore in the quarter ended December 2022

Aditya Birla Capital infuses Rs 900 cr in 2 wholly-owned subsidiaries

Diversified financial services player Aditya Birla Capital Ltd (ABCL) on Tuesday said it has infused Rs 849.99 crore and Rs 50 crore in two wholly-owned subsidiaries -- Aditya Birla Finance and Aditya Birla Capital Digital Ltd, respectively. The investments were done through rights basis, ABCL said in a regulatory filing. Pursuant to the investments, there is no change in the percentage shareholding of ABCL and both continue to be wholly-owned subsidiaries, it said. ABCL made the investment in Aditya Birla Finance to meet its growth and funding requirements and improve its leverage ratio, it said. The investment in the other wholly-owned subsidiary is to meet growth and funding requirements, it added.

Aditya Birla Capital Q2 results: Net profit up 44% to Rs 705 crore

Aditya Birla Capital on Friday reported a 44 per cent rise in profit at Rs 705 crore on a consolidated basis for the quarter ended September 2023. It had posted a net profit of Rs 488 crore in the same period a year ago. The total consolidated revenue of the company grew by 22 per cent to Rs 8,831 crore in the July-September period of 2023-24, from Rs 7,210 crore in the same quarter a year ago, Aditya Birla Capital Ltd (ABCL) said in a release. The company is present in non-banking finance (NBFC) business, housing finance, asset management, life and general insurance, among others. ABCL is the holding company for the financial services businesses of the Aditya Birla Group. The strong momentum across businesses led to a 41 per cent year-on-year growth in the overall lending portfolio (NBFC and HFC) to Rs 1,08,961 crore as on September 30, 2023, it said. The total AUM (AMC, life insurance and health insurance) grew by 12 per cent year-on-year to Rs 4,04,354 crore.