Motilal Oswal: Aditya Birla Capital Posts Steady Q2; Collection Efficiency Improving
A cashier counts Indian one hundred-rupee banknotes at an Oriental Bank of Commerce branch in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Motilal Oswal: Aditya Birla Capital Posts Steady Q2; Collection Efficiency Improving

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 Q2 FY21 profit after tax increased 3% YoY to Rs 2.64 billion.

This was on account of a muted performance in the non-banking financial companies segment, offset by approximately 30% YoY growth in profit before tax in the housing finance company segment and strong growth in other smaller segments.

In H1 FY21, profit after tax declined 12% YoY to Rs 4.6 billion. In the NBFC segment, disbursements jumped two times QoQ, with September 2020 disbursements close to YoY levels.

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Motilal Oswal Aditya Birla Capital Q2FY21 Result Update.pdf

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