Aditya Birla Capital's Financial Growth

Aditya Birla Capital has announced a 2.6% year-on-year increase in standalone net profit, reaching Rs 675.7 crore for the June quarter, up from Rs 658.5 crore a year ago. The consolidated net profit saw a 10% rise to Rs 835 crore, buoyed by a 13% increase in operating profit to Rs 1,406 crore and a 10% rise in revenue to Rs 11,333 crore.

Lending Portfolio Expansion

The company's lending portfolio, encompassing both NBFC and housing finance, expanded by 30% over the year and 5% sequentially to Rs 1,65,832 crore. Standalone lending assets grew by 20.1% to Rs 1,36,422.6 crore. However, operating expenses increased by 12.5% to Rs 3,133.8 crore, with provisions on financial instruments up by 8.6% at Rs 399.2 crore.

Asset Quality and Segment Performance

Asset quality presented mixed trends, with gross stage 3 assets increasing by 6.7% and net stage 3 assets rising by 24%. The NBFC business saw an 18% increase in disbursements, while housing finance disbursements jumped by 76%, with AUM rising 70% year-on-year.

Digital and Branch Expansion

The firm's digital initiatives, including the ABCD platform, onboarded approximately 6.4 million customers. The Udyog Plus B2B platform recorded over 2.4 million registrations. Additionally, the company expanded its network by adding 67 new branches, focusing on tier 3 and 4 locations.