Aditya Birla Capital Soars with 33% Profit Jump in December Quarter

Aditya Birla Capital reported a 33% increase in consolidated profit to Rs 945 crore for the December quarter. The growth was driven by a surge in net interest income and improved asset management. The company also navigated the impact of new labour codes effectively during the period.

Aditya Birla Capital, the financial services arm of the Aditya Birla Group, reported a substantial 33% jump in consolidated profit to Rs 945 crore for the December quarter, reflecting robust performance across its business segments.

The non-banking financial company's net interest income rose significantly to Rs 2,113 crore, driven by a 24% increase in assets under management. The net interest margin widened, including fees, to 6.12% from 6% the previous year, showcasing strategic financial growth.

Aditya Birla Capital also announced a Rs 2,750-crore capital infusion into its housing finance division from Advent International. The company's share price rose by 3.71% on the BSE, outperforming the benchmark, which improved by 2.54%.