Page 2 - Aditya Birla Capital

Aditya Birla Capital PAT rises 44% backed by robust growth across business

The revenue of the company rose by 22 per cent to Rs 8,831 crore in the July-September quarter of FY24 from Rs 7,215 crore of the corresponding previous quarter

Aditya Birla Capital Q2FY24 result: Net profit at Rs 705 cr; income up 13%

Aditya Birla Capital Q2 result: The company's revenue from operations was up 13.04 per cent to Rs 7,720.66 crore during the quarter under review against Rs 6,829.82 crore last year

Aditya Birla Capital's consolidated net profit up by 51% in June quarter

The company's asset quality improved, with gross non-performing assets (NPAs) falling to 2.6% in June 2023, compared to 3.7% a year earlier

Aditya Birla Capital Q1FY24 results: Net profit jumps 51% YoY to Rs 648 cr

The total income for Q1FY24 came in at Rs 9.82 crore, compared to Rs 7.98 crore year-on-year

BlackRock, MIT etc invest Rs 1,750 cr in Aditya Birla Capital QIP

Finance company raises total Rs 3,000 cr in equity

Aditya Birla Capital gains 4%; hits 52-week high post launch of QIP issue

On June 1, the company's board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, out of the total approved equity fund raise of upto Rs 3,000 crore.

Aditya Birla Capital to raise up to Rs 1,750 crore via share sale

The issue price for the placement is between Rs 170 and Rs 176, a 6.2% to 2.9% discount to Monday's closing level of Rs 181.25

Stocks to Watch: Lupin, Vi, Tech M, Bharti Airtel, Aditya Birla Capital

Stocks to Watch on June 27, 2023: Lupin: As per reports, Lupin is considering a restructuring move to unlock value by demerging its API (active pharmaceutical ingredients) business

F&O Strategy: Here's why you should adopt Bear Spread on AB CAPITAL

Buy AB Capital Rs 170 Put option and simultaneously Sell Rs 165 Put of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.

Dish TV EGM on June 9 to appoint new directors on creditors' call

Lenders in talks with rivals to sell stake after the board is reconstituted

Aditya Birla Capital Q4 net up 35%, to raise upto Rs 3,000 cr in equity

The fund raised through equity offering would be used for supporting growth in lending and insurance businesses

Aditya Birla Capital Q4 results: Net profit rises 35% to Rs 609 crore

Consolidated total revenue from operation rose by 21.2 per cent to Rs 8,025 crore for the March quarter as compared to Rs 6,617 crore in the year-ago period

Aditya Birla Capital to consider raising of funds; board meeting on May 11

The board of directors will also consider and approve the audited standalone and consolidated financial results of the company

Aditya Birla Capital to sell insurance broking business to Edme Services

Financial Services firm Aditya Birla Capital on Monday said it has decided to sell its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services for an undisclosed amount. The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited, Aditya Birla Capital said in a regulatory filing. The purchaser is part of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund, it added. The proposed transaction is subject to receipt of the approval of the Insurance Regulatory and Development Authority of India (Irdai), it added. As per reasonable estimates, the proposed transaction is expected to be completed within 120 to 180 days from the execution of the share purchase agreement (SPA).

Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows

Strong performance across businesses help 40% YoY growth in lending book

Aditya Birla Capital considering selling insurance brokerage unit

The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business

Aditya Birla Capital to seek regulator role in RCap resolution process

Warns it will seek intervention if RCap's Administrator ignores its demand for additional info on the company

Birla Corp posts Rs 56.4-crore net loss in Q2, appoints new MD & CEO

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

Aditya Birla Capital Q2 profit rises 30% to Rs 488 cr, revenue up 21%

Aditya Birla Capital on Monday reported its highest-ever quarterly profit at Rs 488 crore on a consolidated basis for the quarter ended September 2022, up by 30 per cent from a year ago, led by growth momentum across businesses. It had posted a net profit of Rs 377 crore in the same period a year ago. The total consolidated revenue of the company grew by 21 per cent to Rs 7,210 crore in the July-September period of 2022-23 from Rs 5,970 crore earlier, Aditya Birla Capital Ltd (ABCL) said in a release. The strong momentum across businesses led to a 31 per cent year-on-year growth in the overall lending book (NBFC and housing finance) to Rs 77,430 crore and a 24 per cent year-on-year growth in the gross premium (life and health insurance) to Rs 4,394 crore, ABCL said. It added nearly 20 lakh customers during the quarter, leading to a 47 per cent yearly growth in the total customer base to 4.1 crore. The company is present in non-banking finance (NBFC) business, housing finance, asse

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