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Aditya Birla Capital's revenue during the fourth quarter of the financial year 2020-21 rose by 16% to Rs 5,917 crore as against Rs 5,085 crore in the year-ago period
New Delhi: Aditya Birla Capital on Friday said it has reported the highest ever quarterly net profit of Rs 375 crore for the fourth quarter ended March 2021. It had posted a net profit of Rs 144 crore in the year-ago period.
The non-banking financial company said it posted strong growth across businesses leading to delivery of the highest ever consolidated profit, despite a COVID-hit year. The highest ever quarterly net profit at Rs 375 crore grew by 2.6 times year-on-year.
Revenue during the fourth quarter of the financial year 2020-21 rose by 16% to Rs 5,917 crore as against Rs 5,085 crore in the year-ago period.
For the full year 2020-21, the company’s net profit grew by 22% to Rs 1,127 crore as against Rs 920 crore in the previous financial year.
Revenue during the year rose by 14% to Rs 20,447 crore from Rs 17,927 crore, ABCL said. The active customer base grew by 22% to 2.4 crore aided by the focus on granular retail growth across businesses.
The company’s AUM (assets under management) across asset management, life insurance, and health insurance businesses rose 10% year on year, to over Rs 3,35,000 crore. Overall lending book (NBFC and housing finance) grew by 2%, nearly at Rs 60,000 crore.
Gross premium (life and health) grew by 25% to Rs 11,076 crore, with the retail mix at 72%, reflecting the scale in insurance, ABCL said. The stock of the company closed at Rs 121.35 apiece on BSE, up 1.68% from the previous close.