Aditya Birla Capital Q4 Results: Company reports consolidated revenue growth of 31% Y-o-Y to Rs 9,146 crore

Aditya Birla Capital Q4 Results: Aditya Birla Capital reported a growth of 31 per cent in their consolidated revenue as it stood at Rs 9,146 Crore in Q4 FY23 and witnessed a growth of 27 per cent year-on-year to Rs 29,999 crore in FY23. The consolidated profit after tax (PAT) grew 35 per cent year-on-year, to Rs 609 crore in Q4 FY23. The PAT excluding fair value gain related to the health insurance business grew 33 per cent year on year to Rs 2,057 crore in FY23.

As per the data of the filings of the company, the growth was primarily driven by the NBFC business. “The strong momentum across businesses led to a 40 per cent year-on-year growth in the overall lending book (NBFC and HFC) to INR 94,364 Crore as on March 31, 2023 and a 28 per cent year-on-year growth in the gross premium (Life and Health Insurance) to INR 17,787 Crore in FY23 (sic),” stated the company in its result announcement.

For its NBFC business, the loan book grew by 10 per cent sequentially and 46 per cent year-on-year to Rs 80,556 crore as of March 31, 2023, backed by 57 per cent year-on-year growth in loans to Retail, SME and HNI customers. 

Disbursements by the NBFC section also grew by 19 per cent sequentially and 58 per cent year-on-year to Rs 15,598 crore in Q4 FY23. Disbursements to retail, SME and HNI customers contributed 72 per cent of total disbursements in Q4 FY23. 

The company stated in its release that housing finance business also contributed significantly in the growth and revenue generation, as the disbursements by the housing sector grew by 36 per cent year-on-year to Rs 1,790 crore in Q4FY23 and the loan book grew by 6 per cent sequentially and 14 per cent year-on-year to Rs 13,808 crore as on March 31, 2023. However, despite a sharp rise in profitability in this quarter, the share price of the company fell by 4 per cent on Thursday. 

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