Swiggy Reports ₹625.5 Cr Net Loss in Q2 Despite Revenue Growth
Aditya Birla Capital Q2: Net Profit Soars 42% to ₹1,001 Crore, Revenue Climbs 36%
Last Updated: 31st October 2024 - 01:28 pm
Aditya Birla Capital posted a 42% year-on-year rise in net profit for the second quarter of FY25, amounting to ₹1,001 crore. Overall revenue increased by 36% to ₹12,007 crore, partly driven by a ₹167 crore gain from the sale of its stake in Aditya Birla Insurance Brokers.
Aditya Birla Capital Q2 Results Highlights
- Revenue: Increase of 36% YoY to ₹12,007 crore versus ₹8,831 crore in Q2FY24.
- Net Profit: Increased 42% YoY to ₹1,001 crore as against ₹705 crore in the year-ago period.
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Segments: NBFC and housing finance segments, rose 27% on-year to ₹1.38 lakh crore, NBFC AUM expanded to ₹1.14 lakh crore, housing finance AUM surged 51% to ₹23,236 crore. Aditya Birla Capital’s mutual fund quarterly average assets under management (AUM) rose 23% year-over-year, reaching ₹3.83 lakh crore. In the insurance sector, individual first-year premiums for life insurance increased by 33% to ₹1,578 crore in the first half of FY25, while gross written premiums for health insurance climbed 39% to ₹2,171 crore during the same period.
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Stock Market Reaction
Following robust earnings, Aditya Birla Capital’s share price surged up to 5%, reaching ₹215 on the NSE. Over the past year, the stock has risen approximately 25%, bringing the company’s market capitalization to around ₹56,000 crore.
About Aditya Birla Capital
Aditya Birla Capital Ltd. offers a range of financial services, including housing loans, personal loans, business loans, debt funds, bonds, and fixed deposits. Its loan products encompass unsecured and secured business loans, top-up home loans, loans against property, and standard home loans. The company also provides digital gold, life insurance, motor insurance, and credit card options. Additionally, Aditya Birla Capital offers portfolio management, payment processing, and advisory services. Headquartered in Mumbai, Maharashtra, India, the firm serves a diverse financial services market.
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