Stocks

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor