Aditya Birla Capital Q4 Review - Operating Performance Gathers Momentum: ICICI Securities
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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:

ICICI Securities Aditya Birla Capital Q4FY21 Results Update.pdf

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