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