Aditya Birla Capital reports results for the quarter ended 31 December 2017

09 February 2018

Key highlights

  • Consolidated earnings before tax (EBT), on a like-to-like1 basis, increased 30 per cent over the prior year comparable quarter, to Rs.409 crore from Rs.315 crore; adjusted for investments in our recently launched health insurance business, like-to-like EBT growth was 38 per cent over the prior year comparable quarter.
  • Consolidated revenue, on a like-to-like1 basis, increased 26 per cent, over the prior year comparable quarter, to Rs.3,325 crore from Rs.2,631 crore.
  • Net profit (after minority interest) on like-to-like1 basis, for nine months ended 31 December 2017, grew by 33 per cent year on year to Rs.617 crore.
  • Total Assets Under Management, rose by 31 per cent year on year to reach an all time high of Rs.2,99,893 crore.
  • Lending book (Incl. housing), rose by 41 per cent year on year to reach an all time high of Rs.46,522 crore.
  • Our Asset Management business achieved its highest ever Average assets under management (AAUM) at Rs.262,233 crore, up by 35 per cent year on year.
Note 1: Aditya Birla Nuvo Limited transferred its 51 per cent stake in Aditya Birla Sun Life Insurance Co. Limited to Aditya Birla Capital Limited w.e.f. 23 March 2017. Previous year financials have been restated including earnings of Aditya Birla Sun Life Insurance Co. Limited to make performance comparable.

Aditya Birla Capital Limited (ABCL) today announced its financial results for the 3rd quarter of FY 2018. ABCL, formerly known as Aditya Birla Financial Services Limited, is the holding company of the financial services business of the Aditya Birla Group.

Business level highlights

Aditya Birla Finance Limited (ABFL)
ABFL continues to have consistent, strong growth with a focus on high asset quality, robust risk management and profitability

  • Lending book expanded by 33 per cent year on year to Rs.39,770 crore
  • The quality of portfolio remains sound with gross NPA at 0.70 per cent and net NPA at 0.47 per cent
  • Net worth increased by 36 per cent year on year to Rs.5,882 crore
  • EBT increased by 29 per cent year on year to Rs.289 crore

Aditya Birla Housing Finance Limited (ABHFL)
ABHFL is a fast growing housing finance company. The business is currently operating with 44 branches and over 2,300 channel partners pan India.

  • Doubled its loan book to Rs.6,752 crore from Rs.3,235 crore in the prior year comparable period
  • Scaled up affordable housing lending to Rs.150 crore
  • Quarterly earnings before tax increased to Rs.8 crore from Rs.4 crore in the prior year comparable period
  • Net worth increased to Rs.645 crore in Q3 FY 2017-18

Aditya Birla Sun Life AMC Limited (ABSLAMC)
ABSLAMC is one of the fastest growing asset management companies in India

  • Registered a 33 per cent year-on-year growth in its quarterly average AUM (AAUM) at Rs.262,223 crore
  • Achieved highest ever market share of 10.8 per cent in this quarter
  • Achieved highest ever domestic equity market share of 9.2 per cent. The strong focus on scaling up retail and high margin assets continued, with its domestic equity AAUM expanding by 84 per cent year-on-year to Rs.79,985 crore.
  • EBT increased by 72 per cent over the prior year comparable quarter, to Rs.135 crore from Rs.78 crore
  • ABSLAMC has a solid and consistent investment performance track record underpinning its growth

Aditya Birla Sun Life Insurance (ABSLI)
ABSLI is a significant private life insurer in India

  • The momentum of new business premium growth continued with individual new business premium growth of 20 per cent during the nine months of FY2017-18
  • EBT increased 41 per cent over the prior year comparable quarter, to Rs.51 crore from Rs.36 crore
  • 13th month persistency has improved year-on-year to 72.1 per cent from 71.3 per cent in prior year comparable nine month period, reflecting the focus on quality of business

Aditya Birla Health Insurance Co. Limited (ABHI)
ABHI is a fast growing health insurance provider with a differentiated offering and business model

  • Gross written premium was Rs.173 crore in nine months of FY2017-18, covering more than eight lakh lives as on date
  • Established five banca partnerships and also on-boarded about 13,300 direct selling agents
  • c;reated a multi-channel distribution model with 59 branches in 36 cities and has tied up with 3,500+ hospitals

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” will enable it to chart a differentiated, accelerated and disciplined path to growth. ABCL has built a leadership position in a number of businesses and ranks amongst the top fund managers in India. Anchored by more than 14,500 employees, ABCL has a nationwide reach through over 1,500 points of presence and more than 150,000 agents / channel partners.

About Aditya Birla Capital Limited
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 14,500 employees, ABCL has a nationwide reach and more than 150,000 agents / channel partners. Aditya Birla Capital is a part of the Aditya Birla Group, a USD 40 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. About 50 per cent of its revenues flow from its overseas operations.

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 and strategy of the company, its future outlook and growth prospects, future developments in its businesses, its competitive and regulatory environment and management''s current views and 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.

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