Aditya Birla Capital reported a 44.4 per cent drop in consolidated net profit at ₹143.67 crore in the fourth quarter of FY20 against ₹258.40 crore a year ago.
Revenue was up 1.4 per cent to ₹5,122 crore in the quarter ended March 31, 2020, against ₹5,050 crore a year ago.
For FY20, it reported a 5.6 per cent increase in consolidated net profit to ₹919.78 crore versus ₹870.94 crore in FY19.
In the NBFC business, it made additional Covid-related provisions of ₹163 crore in the fourth quarter last fiscal.
“Aditya Birla Capital’s retailisation strategy has led to the active customer base growing to nearly two crore. The overall assets under management across asset management, life insurance and health insurance were over ₹3-lakh crore,” it said in a statement, adding that the overall lending book (NBFC and Housing Finance) stood at ₹59,159 crore
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.