Adiya Birla Fin reports Rs 151-cr net profit

PTI Mumbai | Updated on February 21, 2011

Aditya Birla Financial Services on Monday reported a net profit of Rs 151 crore for the quarter ended December 31, 2010.

The company had reported a net loss of Rs 119 crore for the corresponding October-December period last year.

Amid subdued Ulip sales, consolidated revenues of the company were lower at Rs 1,460 crore during the quarter, against Rs 1,616 crore in the year-ago period.

The company believes this phase will pass and the medium- to long-term growth opportunity for the sector remains intact,” a release issued here said.

The average book size of Aditya Birla Finance, the NBFC arm, surged 90 per cent quarter-on-quarter to Rs 2,150 crore.

Published on February 21, 2011

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