Aditya Birla Capital Q4 net profit rises 33%

(20 second reading) Aditya Birla Capital’s consolidated net profit for the quarter ended March 2024 grew 33 percent to Rs 812 crore as against Rs 609 crore recorded in the previous fiscal. Consolidated revenue grew 32 percent to Rs 12,079 crore from Rs 9,146 crore in Q4FY23.
The company reported a 31 percent YoY and 8 percent QoQ increase in the overall lending portfolio at Rs 1,24,059 crore. Total AUM for the reporting period grew by 21 percent year-on-year to Rs 4,36,442 crore.
In terms of the housing finance business, disbursements grew by 64 percent year-on-year to Rs 2,933 Crore in Q4 FY24
In terms of the insurance business, individual first year premium grew by 2 percent year-on-year to Rs 3,074 Crore in FY2024,