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Aditya Birla Capital reported a 44.4 per cent drop in its consolidated net profit at ₹143.67 crore in the fourth quarter of FY20 against ₹258.40 crore a year ago.
Revenue was up 1.4 per cent to ₹5,122 crore in the quarter ended March 31, 2020, against ₹5,050 crore a year ago.
For FY20, it reported a 5.6 per cent increase in consolidated net profit to ₹919.78 crore versus ₹870.94 crore in FY19.
In the NBFC business, it made additional Covid-related provisions of ₹163 crore in the fourth quarter last fiscal.
“Aditya Birla Capital’s retailisation strategy has led to the active customer base growing to nearly two crore. The overall assets under management across asset management, life insurance and health insurance were over ₹3-lakh crore,” it said in a statement, adding that the overall lending book (NBFC and Housing Finance) stood at ₹59,159 crore.
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Published on
June 05, 2020
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