Aditya Birla net profit down 13% at Rs 195 crore in Q2

Total revenue rose to Rs 3,590 crore in the reported quarter as against Rs 2,699 crore in the same period of 2017-18, it said in a regulatory filing.

Aditya Birla Capital Tuesday reported a fall of over 13 per cent in consolidated net profit at Rs 195 crore for the second quarter of 2018-19.

The company had registered a net profit of Rs 225 crore in the July-September period of 2017-18.

Total revenue rose to Rs 3,590 crore in the reported quarter as against Rs 2,699 crore in the same period of 2017-18, it said in a regulatory filing.

Aditya Birla Capital Ltd (ABCL) is the holding company of all the financial services businesses of the Aditya Birla Group.

It has various entities engaged in the business of providing life insurance, asset management, private equity, corporate lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking and online personal finance management, among others.

The stock of the company closed 0.94 per cent up at Rs 107.30 on BSE.