Motilal Oswal: Aditya Birla Capital Q1 Review - Focus On Retailisation; Asset Quality Stable

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motila Oswal Report.Aditya Birla Capital Ltd. reported 26% YoY decline in profit after tax to Rs 2.0 billion, largely driven by approximately 50% decline in profit before tax to Rs 2.2 billion for the lending businesses.In the non-banking financial company segment, the quarter was characterized by the continued rundown of loans (especially wholesale lending) and Rs 500 million Covid-19- related provisions.In the asset management company segment, profit after tax was largely stable sequentially despite 14% QoQ decline in average asset under management.The Life Insurance segment reported 5% YoY growth in individual first-year premium, compared with 23% YoY decline for the industry.We expect the company to focus on strengthening the balance sheet, liquidity, and cost cutting. While profits in the Lending segment would remain muted in FY21, they would be compensated by better performance in other segments..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Motilal Oswal: Aditya Birla Capital Q1 Review - Focus On Retailisation; Asset Quality Stable

Motilal Oswal: Aditya Birla Capital Q1 Review - Focus On Retailisation; Asset Quality Stable

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