Aditya Birla Capital Q4 Review - Operating Performance Gathers Momentum: ICICI Securities
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.
ICICI Securities Report
Aditya Birla Capital Ltd. reported consolidated profit after tax of Rs 3.75 billion in Q4 FY21 (up 2.6 times YoY and 30% QoQ) – ahead of our expectations.
Q4 FY21 earnings showed the company’s ability to structurally pave the growth path while simultaneously undergoing granularisation, retailisation and diversification within business segments.
In the lending business, there was a 7% QoQ portfolio growth (after consolidation phase), improvement in net interest margin (~6%) and uptick in return on asset/return on equity profile (2.2%/12.5%).
Growth in housing finance company business was skewed towards the affordable segment.
Operating performance of the life insurance business gathered momentum in line with industry trends.
Click on the attachment to read the full report:
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.