Aditya Birla Capital Q3 Profit Dips Despite Strong Portfolio Growth

Aditya Birla Capital reported a 4% year-on-year decline in consolidated net profit to Rs 708 crore for Q3 FY25, despite a robust 10% increase in consolidated revenue to Rs 10,949 crore. The company's total lending portfolio demonstrated impressive growth, expanding 27% year-on-year to Rs 1.46 trillion. Notable performance came from the housing finance segment, with disbursements surging 136% to Rs 4,750 crore. The company's total assets under management across asset management, life insurance, and health insurance businesses grew significantly by 23% to Rs 5.03 trillion.

Source: Business Standard