04 May, 2019Share
|Quarter 4||Consolidated Results
|357||522||Profit before Tax1 (pre minority interest)||1,438||1,797|
|169||258||Profit after tax (after minority interest)||693||871||26%|
Mumbai: Aditya Birla Capital Limited (ABCL) announced its audited financial results for the quarter and year ended 31st March 2019.
Revenue1 of the company grew 29 per cent year on year to Rs16,570 crores. The company’s profit after tax (after minority interest) reflected a significant growth of 26 per cent year on year to Rs871 crores, 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 Ltd. were:
Total gross premium of life insurance and health insurance grew by 30 per cent to Rs8,008 crores
Note: Aditya Birla Sun Life AMC Ltd. and Aditya Birla Wellness Pvt. Ltd. consolidated based on equity accounting under Ind AS, Consolidated Revenue shown above includes revenues from these two businesses on a 100 per cent basis to show holistic financial performance
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.