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Aditya Birla Capital Profit Soars 40%

Summary

  • Profit surged 40% to Rs 1,175 crore in Q1 FY27.
  • Assets under management grew 36% to Rs 7,52,745 crore.
  • Company raised Rs 4,000 crore in equity capital.
Aditya Birla Capital Profit Soars 40%

Aditya Birla Capital Ltd. has announced a significant financial performance for the first quarter of FY27, with consolidated profits escalating by 40% to Rs 1,175 crore. This marks a notable increase from the Rs 835 crore profit recorded in the same period last year.

Consolidated total income also saw a considerable rise, reaching Rs 12,187 crore in the April-June period compared to Rs 9,531 crore in the prior year. The company's diverse financial services portfolio demonstrated robust expansion. Its overall lending portfolio grew by 32% to Rs 2,19,289 crore, while assets under management across its asset management, life, and health insurance segments increased by 36% year-on-year to Rs 7,52,745 crore.

Further indicating strong operational momentum, life insurance individual first-year premium rose by 20% to Rs 952 crore, and health insurance gross written premium grew by 50% to Rs 2,196 crore. To support its ambitious growth objectives, Aditya Birla Capital successfully raised Rs 4,000 crore in equity growth capital during the quarter. Approximately 87.5% of these funds are allocated towards advancing the NBFC business, with the remainder for general corporate purposes and investments in subsidiaries.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

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