The Aditya Birla Group’s financial services activities are held by Aditya Birla Capital Limited (ABCL). In the marketplaces for Protecting, Investing, and Financing solutions, ABCL’s businesses have a strong presence. ABCL is a company that offers universal financial solutions to meet the various needs of its clients at different phases of life.
The subsidiaries of ABCL are supported by more than 33,500 individuals and have a national presence thanks to their 1,094 branches, more than 2,00,000 agents, channel partners, and many bank partners.
Financial services firm Aditya Birla Capital on Wednesday reported a 51 per cent rise in consolidated net profit at Rs 649 crore for April-June 2023-24.
The Aditya Birla Group company logged a net profit of Rs 429 crore in the year-ago period.
Total income in the quarter rose to Rs 7,052 crore from Rs 5,599 crore, Aditya Birla Capital said in a regulatory filing.
The company’s interest income also increased to Rs 3,236 crore from Rs 1,935 crore in the same quarter a year ago.
Total expenses rose to Rs 6,204 crore as against Rs 5,037 crore a year ago.
During the quarter, the company raised Rs 3,000 crore from Qualified Institutional Placement (QIP) to fund business growth.
