Aditya Birla Capital Delivers Steady Q3; Pro Forma GNPLs Decline: Motilal Oswal
An employee counts Indian rupee banknotes at a Walmart Inc. Best Price Modern Wholesale store in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)

Aditya Birla Capital Delivers Steady Q3; Pro Forma GNPLs Decline: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Aditya Birla Capital Ltd.’s profit after tax grew 15% YoY to Rs 2.9 billion in Q3 FY21, led by healthy performance in the housing finance company and asset management company segments.

However, the same was offset by muted performance in the non-banking financial company segment.

In nine months FY21, profit after tax has been largely flat at Rs 7.5 billion.

The lending business witnessed healthy business recovery with total disbursements (including HFC) jumping 18% YoY to Rs 51 billion.

The company restructured 1.9% of its loan book (including housing finance).

Click on the attachment to read the full report:

Motilal Oswal Aditya Birla Capital Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.