10 August, 2018Share
10 August 2018
Building material scale:
Value accretive growth:
1 Aditya Birla Sun Life AMC Ltd and Aditya Birla Wellness Private Ltd. consolidated based on equity accounting under Ind AS, however considered as a part of revenue to show holistic financial performance
2 Established businesses include NBFC, Asset Management and Life Insurance Business
Aditya Birla Capital Limited (ABCL) today announced its financial results for the quarter ended 30 June 2018. ABCL, formerly known as Aditya Birla Financial Services Limited, is the holding company of the financial services businesses of the Aditya Birla Group. It is a universal financial solutions provider, meeting the lifetime financial needs of customers. Its key business lines include a diversified NBFC, housing finance, life insurance, health insurance and asset management business.
|Earnings before Tax||287||341|
|Net Profit (after minority interest)||172||216|
|Note: The company has adopted Indian Accounting Standards (Ind AS) w.e.f. 1 April 2018. The financials for the quarter ended 30 June 2017 are under Ind AS. The above financials have been reviewed by the audit committee and taken on record at the board meeting of the company held on 10 August 2018.|
Aditya Birla Finance Ltd. (ABFL)
ABFL continues to have a well diversified portfolio with a focus on asset quality, robust risk management and generating healthy returns.
Aditya Birla Housing Finance Ltd. (ABHFL)
ABHFL is a fast growing housing finance company.
Aditya Birla Sun Life AMC Ltd. (ABSLAMC)
Ranks 3rd amongst mutual funds in India on both equity and overall average asset under management (AAUM)
Aditya Birla Sun Life Insurance (ABSLI)
ABSLI recorded the highest individual new business premium growth amongst top 10 private life insurance players in India
Aditya Birla Health Insurance Co. Ltd. (ABHI)
ABHI is a fast growing health insurance provider with a differentiated offering and business model
ABCL is in a unique position of being able to provide Universal Financial Solutions to meet customers’ money needs for life. ABCL’s focused customer-centric approach under a single brand “Aditya Birla Capital” enables it to chart a differentiated and disciplined path to growth. ABCL has built a leadership position in a number of businesses. Anchored by more than 16,000 employees, ABCL has a nationwide reach through over 800 branches and more than 2,00,000 agents / channel partners.
About Aditya Birla Capital Ltd.
Aditya Birla Capital Limited (ABCL) is the holding company of all the financial services businesses of the Aditya Birla Group. With a strong presence across the life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, online personal finance management, housing finance, pension fund management and health insurance business, ABCL is committed to serving the end-to-end financial services needs of its retail and corporate customers. Anchored by more than 16,000 employees, ABCL has a nationwide reach and more than 2,00,000 agents / channel partners.
Aditya Birla Capital is a part of the Aditya Birla Group, a USD 43 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe.
Disclaimer : Certain statements in this “Media Release” may not be based on historical information or facts and may be “forward looking statements” within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans & strategy of the Company, its future outlook & growth prospects, future developments in its businesses, its competitive & regulatory environment and management''s current views & assumptions which may not remain constant due to risks and uncertainties. Actual results could differ materially from those expressed or implied. The Company assumes no responsibility to publicly amend, modify or revise any statement, on the basis of any subsequent development, information or events, or otherwise. This “Press Release” does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Company’s shares. The financial figures in this “Press Release” have been rounded off to the nearest Rs. one crore. The financial results are consolidated financials unless otherwise specified.