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Our Bureau Aditya Birla Capital, a financial services company, has reported that its net profit was up 42 per cent in the December quarter at ₹206 crore (₹145 crore), largely driven by NBFC, housing finance and asset management businesses.
Revenue increased 26 per cent to ₹4,119 crore (₹3,257 crore).
The company’s lending book grew 29 per cent to ₹60,129 crore from ₹46,522 crore. It had raised about ₹9,000 crore long-term funds during the quarter.
The net interest margin in the NBFC business expanded by 0.37 per cent to 4.85 per cent with SME, retail and HNI accounting for 49 per cent of the business.
The loan book in the housing finance business was up 60 per cent at ₹10,828 crore, while net interest margins were at 3.3 per cent.
Total gross premium of life insurance and health insurance grew by 39 per cent to ₹1,998 crore
In the life insurance business, individual first-year premium grew 68 per cent against 8 per cent for the industry (excluding LIC).
Birla MF’s AUM
The total average assets under management (AUM) of Birla Mutual Fund stood at ₹2,58,833 crore with domestic equity average AUM growing 9 per cent.
Keeping its focus on expanding its retail presence, investor folios doubled over the last two years to reach 6.8 million folios at the end of last year.
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