Aditya Birla Capital Q4 Results: Net Profit Hits 35% Increase To Rs 609 Cr

In comparison to the same quarter last year, the company’s fourth quarter net profit increased by 35.17% to Rs. 608.65 crore on a consolidated basis, up from Rs. 450.27 crore. Compared to the same quarter last year, the company’s total revenue climbed by 21.63% to Rs 8,051.82 crore during Q4FY23, from Rs 6,620.15 crore.  

The company reported over 181% increase in net profit for the year ended March 31, 2023, from Rs 1,705.97 crore to Rs 4,795.77 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company’s total revenue climbed by 35.79% to Rs 30,201.33 crore from Rs 22,241.35 crore the year under review.  

In yesterday’s board meeting it was decided that the company will raise funds through various mediums and will not exceed more than Rs 3000 crore in one tranche.  

In yesterday’s trading session it closed at Rs 163.90 and today it opened at Rs 166.85. It closed at Rs 163.40 and 1,52,366 shares were traded over the counter at BSE. It has a 52-week high of Rs 175.25 and 52 weeks low of 85.70.  

The BSE group ‘A’ stock has a market capitalization of Rs 39,514.39 crore. The company had given an average ROE and ROCE of 16.6 and 9.49% respectively over the past 3 years.     

Aditya Birla Capital received the certificate of registration from the Reserve Bank of India in May 2009 to commence the business as a non-deposit taking NBFC. During the past one decade since its incorporation, the company has come a long way to become one of the largest financial services players in India. The company is the holding company of all the financial services businesses of the Aditya Birla Group. The company is among the top five private diversified NBFCs in India. It is also one of the largest private life insurance companies, asset management companies and general insurance brokers in the country.