Aditya Birla Capital reports results for the year ended 31st March, 2018

Key Highlights ·         Consolidated revenue, on a like-to-like1 basis, increased 21%, over the prior year, to              ` 13,428 Crore from ` 11,071 Crore. ·         Consolidated earnings before tax (EBT), on a like-to-like1 basis, increased 35% over the prior year, to ` 1,554 Crore from ` 1,150 Crore; Adjusted for investments in our recently launched health insurance business, like-to-like EBT growth was 41% over the prior year. ·         Net profit (before minority interest) on like-to-like1 basis, grew by 30% year on year to                       ` 1,004 Crore from ` 775 Crore, crossing the ` 1000 Crore mark for the first time ·         Net profit (after minority interest) on like-to-like1 basis, grew by 44% year on year to                       ` 824 Crore from ` 573 Crore basis1 ·         Lending: o        Lending book (Incl. housing), rose by 32% year on year to reach ` 51,378 Crore. o        Long term rating of ‘AAA’ by India Ratings and Research ·         Asset Management: o        Ranked No.3 mutual fund in India o        Average Assets under management at ` 2,67,739 Crore, up by 27% year on year o        Overall domestic market share at 10.75% and equity market share of 9.2% ·         Life Insurance: o        Reported Indian Embedded Value at ` 4,281 Crore as of 31st March 2018 vs. ` 3,810 Crore as of 31st March 2017, a growth of 12.4% year on year o        Posted positive Net VNB margin at 4.3% for FY 2017-18 compared to negative 5.5% in previous year ·         Health Insurance: In the first year of operation, achieved gross written premium of                     ` 243 Crore, covering about 1 million lives ·         Launch of universal brand “Aditya Birla Capital” – A single brand encompassing all the financial needs of customers

Mumbai, May 15, 2018: Aditya Birla Capital Limited (ABCL) today announced its financial results for the year ended 31^st 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. 23^rd 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

• Lending book expanded by 25% year on year to ` 43,242 Crore
• Gross NPA at 0.92% and net NPA at 0.65%
• Net worth increased by 33% year on year to ` 6,320 Crore
• Earnings before tax touched all time high ` 1,109 Crore, an increase of 33% over previous year

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.

• Doubled its loan book to ` 8,137 Crore from ` 4,136 Crore in the previous year
• Scaling up affordable housing lending which was launched in Q2 FY18
• Reported full year profitability with earnings before tax at ` 24 Crore from loss of ` 15 Crore in the previous year
• Net worth increased to ` 750 Crore as on 31^st March 2018

Aditya Birla Sun Life AMC Ltd. (ABSLAMC)

Ranks 3^rd amongst mutual funds in India with strong profitability growth

• Registered a 27% year-on year growth in its quarterly average AUM (AAUM) at ` 267,739 Crore
• Overall domestic market share at 10.75% in Q4 FY 2017-18
• Achieved highest ever domestic equity market share of 9.2%. The strong focus on scaling up retail and high margin assets continued, with its domestic equity AAUM expanding by 73% year on year to ` 86,450 Crore.
• Monthly SIP book doubled year on year to ` 956 Crore (Including STP)
• EBT increased year on year by 46% to ` 493 Crore from ` 337 Crore
• ABSLAMC has a solid and consistent investment performance track record underpinning its growth

Aditya Birla Sun Life Insurance (ABSLI)

ABSLI is a significant private life-insurer in India

• Indian Embedded Value (IEV) at ` 4,281 Crore as on 31<sup>st</sup> March 2018 vs. ` 3,810 Crore as on 31^st March 2017
• Reported Net Value of New Business margin at +4.3% for FY 2017-18 vs. negative 5.5% in previous year. Gross Value of New Business margin was at 32.9% for FY 2017-18 vs. 28.9% for FY 2016-17.
• The momentum of new business premium growth continued with individual new business premium growth of 20% during FY 2017-18
• EBT increased 35% over the prior year, to ` 167 Crore from ` 124 Crore
• 13^th month persistency has improved year on year to 75.2% from 71.4% in previous year, reflecting the focus on quality of business

Aditya Birla Health Insurance Co. Ltd. (ABHI)

ABHI is a fast growing health insurance provider with a differentiated offering and business model

• In the first year of full operation, gross written premium at ` 243 Crore in FY 2017-18, covering about 1 million lives
• Established 5 banca partnerships and also on-boarded about 15,700 agents
• Created a multi-channel distribution model with 59 branches in 36 cities and has tied up with 4,200+ hospitals

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)