Latest news with #UdyogPlus
Time of India
04-08-2025
- Business
- Time of India
ABCL net rises 2.6% to Rs 675 crore on lending growth
Mumbai: Aditya Birla Capital reported a 2.6% year-on-year rise in standalone net profit to Rs 675.7 crore for the June quarter, up from Rs 658.5 crore a year ago. On a consolidated basis, net profit rose 10% to Rs 835 crore, supported by a 13% increase in operating profit to Rs 1,406 crore and a 10% rise in revenue to Rs 11,333 crore. The company's lending portfolio, covering both NBFC and housing finance, expanded 30% over the year and 5% sequentially to Rs 1,65,832 crore. Standalone lending assets rose 20.1% to Rs 1,36,422.6 crore. Operating expenses increased 12.5% to Rs 3,133.8 crore, while provisions on financial instruments were up 8.6% at Rs 399.2 crore. Asset quality showed mixed trends. Gross stage 3 assets increased 6.7%, while net stage 3 assets rose 24%, pointing to a need for tighter monitoring despite the overall growth in business. Segment-wise, the NBFC business recorded an 18% increase in disbursements, and its AUM grew 22% to Rs 1,31,227 crore. Housing finance disbursements jumped 76%, with AUM rising 70% year-on-year. Profit before tax in this segment surged 82% to Rs 154 crore. The mutual fund business saw average AUM rise 14% year-on-year to Rs 4,03,479 crore. Equity AUM grew 11% to Rs 1,80,184 crore. The life insurance arm reported a 23% increase in individual first-year premiums to Rs 795 crore, while the health insurance segment recorded a 30% rise in gross written premium to Rs 1,357 crore, along with an improved combined ratio. The firm's digital push continued to gain traction. Its direct-to-customer platform ABCD onboarded around 6.4 million customers. The Udyog Plus B2B platform logged over 2.4 million registrations, with an AUM of Rs 3,658 crore. The company added 67 new branches during the quarter, taking its total network to 1,690, with a continued focus on tier 3 and 4 locations. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
&w=3840&q=100)
Business Standard
13-05-2025
- Business
- Business Standard
Aditya Birla Capital Q4FY25 results: Net profit rises 6% to ₹865 crore
Aditya Birla Capital Ltd's (ABCL's) consolidated net profit rose by six per cent year-on-year (YoY) to ₹865 crore in the fourth quarter ended March 2025 (Q4FY25). For the financial year FY25, the company's consolidated net profit rose by eight per cent YoY to ₹3,142 crore. The consolidated operating profit grew 25 per cent YoY to ₹1,672 crore in Q4FY25. Its stock closed 0.6 per cent lower at ₹204.35 per share on the BSE. ABCL is a holding entity for the Aditya Birla Group's financial services businesses, including lending, mutual funds and insurance. The company said in a statement that its consolidated revenue grew by 13 per cent YoY to ₹14,138 crore in Q4FY25. For the full year, revenue rose 20 per cent YoY to ₹47,369 crore. The overall lending portfolio — comprising its non-banking finance company (NBFC) and housing finance unit — grew by 27 per cent YoY to ₹1.57 trillion as on 31 March 2025. ABCL's total assets under management — across mutual funds, life insurance and health insurance — grew by 17 per cent YoY to ₹5.11 trillion as on 31 March 2025. Total premium collected in the insurance business (life and health) rose 22 per cent YoY to ₹25,579 crore in FY25. Meanwhile, the board of ABCL approved raising funds through the issuance of debt securities, including non-convertible debentures (NCDs), within the overall borrowing limit of ₹1.65 trillion, subject to shareholder approval. The company's comprehensive B2B platform for the MSME ecosystem, Udyog Plus — which offers products such as business loans and supply chain financing — has scaled up significantly, with more than 2.2 million registrations. The total portfolio of Udyog Plus crossed ₹3,500 crore as of 31 March 2025.
