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