Mumbai, May 11, 2018: Aditya Birla Capital Limited (ABCL) today announced its financial results for the year ended 31st March 2018. ABCL, formerly known as Aditya Birla Financial Services Limited, is the holding company of the financial services business of the Aditya Birla Group. It is a Universal Financial Solutions provider, meeting the lifetime needs of customers. Its subsidiaries include an NBFC, a Housing Finance company, an Asset Management company, a Life Insurance company, a Health Insurance company and several other subsidiaries.
Quarter 4 | Consolidated Results | Full Year | ||
2016-17 (Previous Year) Like to Like1 | 2017-18 (Current Year) | 2016-17 (Previous Year) Like to Like1 | 2017-18 (Current Year) | |
3,353 | 4203 | Revenue | 11,071 | 13,428 |
240 | 398 | Earnings before Tax | 1,150 | 1,554 |
146 | 249 | Net Profit (before Minority Interest) | 775 | 1,004 |
109 | 208 | Net Profit | 573 | 824 |
Note 1: Aditya Birla Nuvo Limited transferred its 51% stake in Aditya Birla Sun Life Insurance Co. Limited to Aditya Birla Capital Limited w.e.f. 23rd Mar 2017. Previous year financials have been restated including earnings of Aditya Birla Sun Life Insurance Co. Limited to make performance comparable.
Business Level Highlights:
Aditya Birla Finance Ltd. (ABFL)
ABFL continues to have a well diversified portfolio with a focus on asset quality, robust risk management and strong performance
Aditya Birla Housing Finance Ltd. (ABHFL)
ABHFL is a fast growing housing finance company. The business is currently operating with 51 branches and over 2700 channel partners pan India.
Aditya Birla Sun Life AMC Ltd. (ABSLAMC)
Ranks 3rd amongst mutual funds in India with strong profitability growth
Aditya Birla Sun Life Insurance (ABSLI)
ABSLI is a significant private life-insurer in India
Aditya Birla Health Insurance Co. Ltd. (ABHI)
ABHI is a fast growing health insurance provider with a differentiated offering and business model
ABCL is in a unique position of being able to provide Universal Financial Solutions to meet customers’ money needs for life. ABCL’s focused customer-centric approach under a single brand “Aditya Birla Capital” will enable it to chart a differentiated, accelerated and disciplined path to growth. ABCL has built a leadership position in a number of businesses. Anchored by more than 14,500 employees, ABCL has a nationwide reach through over 1,600 points of presence and more than 190,000 agents / channel partners.
Corporate Comm India(CCI newswire)
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