Aditya Birla Capital reported 17.08% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs5,025.98cr. If you look at the verticals, the lending business saw fall in revenues on account of lower interest rates prevailing in the market. The big boost to the top line actually from positive growth in life insurance income, which is also the largest component accounting for 54% of total group revenues. Hence the impact of the growth in life insurance was evident in the total revenues.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 15.25% at Rs288.68cr.The company benefited from a 20% fall in interest costs, more than compensating for the fall in interest income. This improved NIMs for AB Capital. PAT margins fell marginally from 5.83% in Dec-19 to 5.74% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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|
A B Capital |
|
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 5,025.98 |
₹ 4,292.78 |
17.08% |
₹ 4,589.35 |
9.51% |
|
Net Profit (Rs cr) |
₹ 288.68 |
₹ 250.48 |
15.25% |
₹ 264.34 |
9.21% |
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|
|
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Diluted EPS (Rs) |
₹ 1.19 |
₹ 1.09 |
|
₹ 1.09 |
|
|
Net Margins |
5.74% |
5.83% |
|
5.76% |
|
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