Aditya Birla Capital Q2 net profit rises 37% to Rs 256 cr; revenue up 8%

Illustration by Ajay Mohanty
Aditya Birla Capital on Thursday posted a consolidated net profit of Rs 256 crore for the second quarter ended September, up 37 per cent from a year ago. The company had reported a profit of Rs 186 crore in the corresponding July-September period of the preceding fiscal.

Its revenue grew 8 per cent to Rs 4,299 crore during the quarter under review as against Rs 3,978 crore in the same period of 2018-19, it said in a release.

The rise of 37 per cent in net profit reflects the strength of the diversified business portfolio. Considering the current business environment, the company continues to follow a disciplined approach in terms of balancing growth with a strong focus on the quality of business, Aditya Birla Capital said.

Its overall lending book (NBFC and housing finance) grew 4 per cent year on year to Rs 60,477 crore as against Rs 57,945 crore.

The company is also engaged in insurance, investment and advisory services business.

Shares of the company closed 1.38 per cent higher on Thursday at Rs 84.65 on the BSE. 

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel