Latest news with #AdityaBirlaCapital
Economic Times
5 days ago
- Business
- Economic Times
Aditya Birla Capital invests Rs 249 crore in its subsidiary ABHFL to fund growth, improve leverage ratio
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Aditya Birla Capital Limited on Friday announced that it has made an investment of Rs 249 crore in its wholly owned subsidiary, Aditya Birla Housing Finance Limited "Aditya Birla Capital Limited ('the Company' or 'ABCL') has made an investment of Rs 249 crore on rights basis, in the equity shares of Aditya Birla Housing Finance Limited ('ABHFL')," said the company said that the investment is to fund growth and improve its leverage ratio of ABHFL. "Percentage shareholding of ABCL in ABHFL continues to remain at 100%," said the company through a stock exchange Aditya Birla Capital had announced an infusion of Rs 300 crore into its subsidiary Aditya Birla Housing Finance through a rights Aditya Birla Capital, a non-deposit taking non-banking financial company (NBFC), reported an over 30 per cent decline in consolidated net profit at Rs 865 crore for three months ended March 31, 2025. The company had posted a net profit of Rs 1,245.41 crore in the same quarter of the preceding fiscal year. Its total income grew to Rs 12,239 crore in the January-March quarter of the financial year 2024-25 (FY25), from Rs 10,803 crore in the year-ago period, Aditya Birla Capital said in a regulatory filing to the stock exchanges. The company said its board approved raising of funds by issuance of debt securities including non-convertible debentures (NCDs) for an aggregate amount not exceeding Rs 1,65,000 a separate statement, the company said that overall lending portfolio -- NBFC and HFC -- grew by 27 per cent year-on-year to Rs 1,57,404 crore as on March 31, 2025. Also, the total AUM -- AMC, life insurance and health insurance -- grew by 17 per cent year-on-year to Rs 5,11,260 crore, as on March 31, 2025. The total premium (life insurance and health insurance) climbed 22 per cent year-on-year to Rs 25,579 crore in FY25.
Time of India
5 days ago
- Business
- Time of India
Aditya Birla Capital invests Rs 249 crore in its subsidiary ABHFL to fund growth, improve leverage ratio
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Aditya Birla Capital Limited on Friday announced that it has made an investment of Rs 249 crore in its wholly owned subsidiary, Aditya Birla Housing Finance Limited "Aditya Birla Capital Limited ('the Company' or 'ABCL') has made an investment of Rs 249 crore on rights basis, in the equity shares of Aditya Birla Housing Finance Limited ('ABHFL')," said the company said that the investment is to fund growth and improve its leverage ratio of ABHFL. "Percentage shareholding of ABCL in ABHFL continues to remain at 100%," said the company through a stock exchange Aditya Birla Capital had announced an infusion of Rs 300 crore into its subsidiary Aditya Birla Housing Finance through a rights Aditya Birla Capital, a non-deposit taking non-banking financial company (NBFC), reported an over 30 per cent decline in consolidated net profit at Rs 865 crore for three months ended March 31, 2025. The company had posted a net profit of Rs 1,245.41 crore in the same quarter of the preceding fiscal year. Its total income grew to Rs 12,239 crore in the January-March quarter of the financial year 2024-25 (FY25), from Rs 10,803 crore in the year-ago period, Aditya Birla Capital said in a regulatory filing to the stock exchanges. The company said its board approved raising of funds by issuance of debt securities including non-convertible debentures (NCDs) for an aggregate amount not exceeding Rs 1,65,000 a separate statement, the company said that overall lending portfolio -- NBFC and HFC -- grew by 27 per cent year-on-year to Rs 1,57,404 crore as on March 31, 2025. Also, the total AUM -- AMC, life insurance and health insurance -- grew by 17 per cent year-on-year to Rs 5,11,260 crore, as on March 31, 2025. The total premium (life insurance and health insurance) climbed 22 per cent year-on-year to Rs 25,579 crore in FY25.
India Gazette
20-05-2025
- Business
- India Gazette
Delhi: Cyber Police bust investment fraud ring impersonating Aditya Birla Capital
New Delhi [India], May 20 (ANI): In a significant breakthrough, the Cyber Police Station of Delhi's Outer North District has busted an elaborate online investment fraud operation, leading to the arrest of 29-year-old Jitendra Sharma. The accused allegedly ran a racket that impersonated Aditya Birla Capital through fake trading applications and duped multiple victims across North India out of nearly Rs 48 lakh. The investigation was launched following a formal complaint from Vinay Singhal, who alleged that he was deceived through a fraudulent investment platform operating under the name 'Aditya Birla Group Investment Group.' The complainant had been contacted via Instagram and WhatsApp and was coaxed into downloading a fake trading app that closely resembled the genuine Aditya Birla Capital interface. According to police, once the victim began transferring money, believing he was investing in a legitimate scheme, the fraudsters diverted the funds into various shell-company and personal accounts. The network also used dormant bank accounts purchased from individuals to facilitate swift fund transfers and withdrawals, making tracking difficult. The FIR in the case was registered on March 17, 2025, under Section 318(4) of the Bharatiya Nyaya Sanhita (BNS). Investigators later received two more related complaints, all of which pointed to a coordinated scheme that swindled unsuspecting investors of a cumulative Rs48 lakh. Through digital footprint analysis and tracing of Know Your Customer (KYC) documents, Delhi Cyber Police unearthed Sharma's direct involvement in the fraud. He allegedly provided the corporate bank accounts of his firm, OZOS Services India Pvt. Ltd., held in IDFC First Bank and HSBC Bank, in exchange for monetary compensation. Sharma is reported to be the managing director of the company and a direct beneficiary of the illicit funds. The police team conducted a raid on May 16, 2025, in Vangaon, Palghar district of Maharashtra, where Sharma was hiding while out on bail in a previous cyber fraud case registered by Faridabad Police. During the operation, officials seized crucial evidence, including four mobile phones, a laptop, an Apple Watch, debit cards, pen drives containing transaction data, cheque books, a bank passbook, a company stamp, and Rs80,000 in cash. Authorities have confirmed that Sharma's bank accounts have been flagged in at least 46 complaints registered on the National Cybercrime Reporting Portal (NCRP). Further investigation is underway.(ANI)
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Business Standard
14-05-2025
- Business
- Business Standard
Aditya Birla Capital stock jumps 6% on solid Q4 numbers; check details here
Aditya Birla Capital share price today: Shares of financial services company Aditya Birla Capital jumped over 6 per cent to hit an intraday high of ₹218.5 on Wednesday after the company showed in-line operating performance and solid growth in the fourth quarter (Q4 FY25) results. The Aditya Birla Capital stock was up 6.2 per cent at ₹217.63 compared to the previous day's close of ₹204.89 on the National Stock Exchange (NSE), as of 12:50 PM. In comparison, the benchmark Nifty50 index was trading at 24,557.95 levels, down 20.40 points or 0.08 per cent. Aditya Birla Capital stock has surged over 15 per cent on a year-to-date (YTD) basis. Aditya Birla Capital Q4 results update: Aditya Birla Capital reported a standalone total income of ₹3,879 crore in Q4 FY25, up 10 per cent compared to ₹3,527 crore in the year-ago period. The company's standalone net interest income (NII) grew 4.5 per cent year-on-year (Y-o-Y) to ₹1,800 crore from ₹1,723 crore. However, ABCL posted a profit after tax (PAT) of ₹654 crore in the quarter under review, down 44 per cent from ₹1,182 crore in the corresponding quarter of the previous fiscal. In the year-ago period, the company had reported gains of ₹566 crore on the sale of stakes in subsidiaries. The total AUM (AMC, life insurance and health insurance) grew by 17 per cent Y-o-Y to ₹5,11,260 crore as of March 31, 2025. The total premium (life insurance and health insurance) increased by 22 per cent Y-o-Y to ₹25,579 crore in FY25. ALSO READ | Brokerage views on Aditya Birla Capital: JM Financial Analysts at JM Financial believe that the company's 'One ABC' focus and 'Udyog plus' platform have shown good traction in new customer subscriptions. Going forward, it is expected to become a significant contributor to growth, which is evident from its recent quarterly performances. The company's asset under management from Udyog Plus reached around ₹3,500 crore in less than a year with 2.3 million customers. It now contributes 21 per cent of the disbursements in unsecured business loans. In addition, the revival in the P&C (Property and Casualty insurance) segment, along with rate cuts, is expected to drive margins higher. "We revised our earnings estimates for NBFC by +10/+13 per cent in FY26E/FY27E to return an average RoA/RoE of 2.1/12.6 per cent over FY26E/FY27E. Post amalgamation, we value ABCL at 1.3x FY27E adjusted book and value subs at ₹110, leading to a revised target price (TP) of ₹240 (based on SOTP)," the brokerage said. It has maintained a 'Buy' rating on the stock. ALSO READ | About Aditya Birla Capital Aditya Birla Capital, a part of Aditya Birla Group, is a non-banking financial company (NBFC) and the holding company of the financial services business. It offers a comprehensive suite of financial solutions, including loans, investments, insurance, and payments through its subsidiaries and joint ventures. The company has a workforce of more than 59,000 employees and 1,482 branches across the country. It manages a total AUM of over ₹5.03 Lakh crore with a consolidated lending book of over ₹1.46 Lakh Crore through its subsidiaries and JVs.
Business Standard
14-05-2025
- Business
- Business Standard
Aditya Birla Capital rises as Q4 PAT jumps 22% QoQ to Rs 865 cr
Aditya Birla Capital advanced 5.70% to Rs 215.05 after the company's consolidated net profit jumped 22.11% to Rs 864.60 crore on 13.30% rise in revenue from in Q4 FY25 as against Rs 708 crore in Q3 FY24. On year on year basis, the companys consolidated net profit tanked 30% while revenue rose 13.30% in Q4 FY25. Profit before tax tumbled 14.39% year on year to Rs 1,360.83 crore in the quarter ended 31 March 2025. The total AUM (AMC, life insurance and health insurance) increased by 17% YoY to 5,11,260 crore as on 31 March 2025. The overall lending portfolio (NBFC and HFC) grew by 27% YoY to Rs 1,57,404 crore in Q4 FY25. On segmental front, the companys revenue from housing finance stood at Rs 791.27 crore (up 59.63% YoY), revenue from life Insurance was at Rs 7,317.87 crore (up 18.58% YoY), income from asset management came in at Rs 498.84 crore (up 14.23% YoY), revenue from stock and securities broking stood at Rs 99.45 crore (down 13.99% YoY) and revenue from health insurance was at Rs 1,469.18 crore (up 21.09% YoY) during the period under review. On a full year basis, the companys net profit rose 0.26% to Rs 3,318.32 crore on 19.59% jumped in revenue from operations to Rs 40,589.98 crore in FY25 over FY24. The company continues to expand its physical footprint with a pan-India presence of 1,623 branches across all businesses as of 31 March 2025. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments. The board of directors of the company and Aditya Birla Finance had approved the scheme of amalgamation of Aditya Birla Finance, the companys wholly owned subsidiary with itself. The amalgamation has been successfully completed following all requisite approvals. The appointed date of amalgamation is 1 April 2024 and effective date is 1 April 2025. The company now has two business segments, the NBFC lending business and the investment business through which it will continue to hold investments in all its subsidiaries, JVs and associate businesses. Meanwhile, the companys board approved the raising of funds by issuance of debt securities including NCDs from time to time, in one or more tranches, such that at any point of time the NCDs issued and outstanding does not exceed an aggregate amount as per the sub-limits approved by the board, and within the overall borrowing limits -Rs 1,65,000 crore (from existing limits of Rs 1,35,000 crore) subject to the approval of shareholders of the company. Aditya Birla Capital is the holding company for the financial services businesses of the Aditya Birla Group.
