05 February, 2019Share
(Rupees in crores)
|Profit before tax (pre-minority interest)||337||448|
|Net Profit (after minority interest)||145||206||42%|
Aditya Birla Capital Limited (ABCL) announced its unaudited financial results for the quarter ended 31 December 2018.
In a challenging market environment, the revenue1 of the company grew 26 per cent year-on-year to Rs.4,119 crore. The company's net profit (after minority interest) reflected a significant growth of 42 per cent year-on-year to Rs.206 crore, largely driven by profit growth in NBFC, Housing Finance and Asset Management businesses.
The performance highlights of the key underlying businesses of Aditya Birla Capital Limited were:
Housing finance business
Life insurance business
Health insurance business
Aditya Birla Capital will continue to build on its strong presence in different sectors and will focus on building profitable scale across its platform.
ABCL, formerly known as Aditya Birla Financial Services Limited, is the financial services platform of the Aditya Birla Group. Its key businesses include a diversified NBFC, housing finance company, life and health insurance companies and an asset management company. 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 17,000 employees, ABCL has a nationwide reach through over 850+ branches and more than 2,00,000 agents / channel partners.
About Aditya Birla Capital Limited
Aditya Birla Capital Limited (ABCL) is the financial services platform 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 17,000 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 44.3 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 35 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.