Aditya Birla Capital Q4 Results: Consolidated PAT Surges 33% YoY

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Synopsis:

Aditya Birla Capital Q4 FY 2023-24 results were announced on 10 May 2024 as the finance company witnessed a marked rise in overall business and financial growth in key metrics like PAT, Revenue, and the lending portfolio.

5 Key Financial Highlights

ABCL’s Q4 results are all about growth with individual company businesses contributing to the overall success in the top NBFC’s quarter. Here are 5 main financial metrics of Q4 that put Aditya Birla Capital ahead in the race in its sector:

ExploreAditya Birla Capital Ltd. Share Price

  • In Q4 FY24, the Consolidated PAT was at ₹812 Cr, up 33% YoY
  • In Q4 FY24, the Reported Profit After Tax stood at ₹1,245 Cr
  • The Revenue for Q4 FY24 was at ₹12,079 Cr in Q4 FY24, up 32% YoY
  • For the NBFC business, disbursements grew by 10% sequentially and 16% YoY to reach ₹18,123 Cr in Q4 FY24
  • For the Asset Management Business, mutual fund quarterly average assets under management (QAAUM) grew by 21% YoY to ₹3,31,709 Cr for Q4 FY24, with an equity mix at 45.8%

Aditya Birla Q4 Results - Segments Rise

As ABCL navigated the last quarter of FY24, it experienced business and financial growth as highs on a YoY basis were noticed in the NBFC, Asset Management, and other key segment businesses. Furthermore, ABCL sold a ~ 5% stake in ABSLAMC through OFS in March 2024, enhancing its capital base by ~ ₹570 Cr. Here are some prominent highlights of ABC’s Q4 business performance with financial metrics: 

  • For the NBFC Business: Disbursements grew by 10% sequentially and 16% YoY to ₹18,123 Cr in Q4 FY24. Profit before tax grew by 31% YoY to ₹794 Cr in Q4FY24
  • For the Housing Finance Business: Disbursements grew by 64% YoY and reached ₹2,933 Cr in Q4 FY24
  • For ABC’s Asset Management Business: Mutual fund quarterly average assets under management (QAAUM) grew by 21% YoY to ₹3,31,709 Cr for Q4 FY24, with an equity mix at 45.8%. Profit Before Tax grew by 48% YoY to ₹268 Cr in Q4FY24
  • For the Life Insurance Business: 13th-month persistency continued to improve at 88% in March 2024 (March 2023: 87%)
  • For the Health Insurance Business: Gross written premium (GWP) grew by 36% YoY to ₹3,701 Cr, with Retail contributing 52% of total GWP. The market share among standalone health insurers (SAHI) increased by 82 basis points YoY to 11.2% in FY24. The combined ratio remained stable at 110%

Additional ReadQuarterly Results

Key Financial Metrics - Consolidated Q4 (FY 2023-24) Financial Results of Aditya Birla Capital (in ₹ Crore)

Metrics

Q4 FY23

Q4 FY24

YoY Growth

Revenue

9,146

12,079

32%

PAT

609

812

33%

Reported PAT

609

1,245

 

Getting Future-Ready for FY25

Aditya Birla Capital’s Q4 results can only be described as robust for the last 3 months of FY24. With the Company growing by 32% YoY in terms of Revenue and 33% YoY in PAT (excluding one-off items), the Company posted sound performance metrics and financial fundamental figures spanning all its businesses. As the Company continues to expand its footprint in all its segments, particularly the MSME segment by way of its comprehensive B2B platform, the effective and efficient Udyog Plus (with 8 lakh registrations till this day), ABCL goes into FY25 with a stride in its step and aims to increase its Pan-India presence with penetration into Tier 3 and Tier 4 towns and fresh customer segments. 

Additional Read: ABB India Q1 Results

Conclusion

With the sale of its 5% stake in ABSL AMC, the Company has strengthened its Balance Sheet substantially and is all set for the next financial year. Additionally, ABCL follows an omnichannel structure for the purpose of customer distribution with a main focus on customers. With its D2C platform going live and offering 22 relevant products and services, the Company hopes to garner new client interest as it gives customers efficient and versatile solutions related to loans, payments, insurance, and investment. 

About Aditya Birla Capital

Aditya Birla Capital Limited (ABCL) is the erstwhile holding company for the financial services business segment of the legendary Aditya Birla Group. Through its subsidiaries and joint ventures, ABCL, as it is fondly known, provides a collective suite of financial solutions comprising investments, loans, insurance, and payments to enable diverse clients to fulfil their financial goals. The Company currently boasts an approximate 47,000-strong workforce working across the businesses of ABCL.

Aditya Birla Capital Limited is a key component of the US$65 billion international conglomerate Aditya Birla Group, which is a Fortune 500 enterprise. In the current day, more than 50% of the group’s financial strength is generated by its overseas businesses enhancing its domestic segments significantly. The Group and ABCL are poised for positive growth as they follow a client-centric approach and facilitate client needs.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

Source:

Aditya Birla Capital Q4 Result Press Release on BSE

https://www.adityabirla.com/media/media-releases/aditya-birla-capital-announced-strong-q4-fy24-results

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What was the Revenue for Q4 as reported in ABCL Q4 results?

Answer Field

The Revenue for Q4 as recorded in ABCL’s Q4 results was clocked at ₹12,079 Cr, a rise of 32% YoY growth.

What is the Q4 result of Aditya Birla Capital business segments?

Answer Field

ABCL business segments witnessed growth in Q4, with its Housing Finance business displaying a lead in the growth of disbursements at 64% YoY.

Are the Q4 results of Aditya Birla Capital good?

Answer Field

Aditya Birla Capital’s Q4 results have shown prominent growth across all its business segments (Q4 PAT went up by 33% YoY) and the Company, due to a stake sale, has built a strong Balance Sheet as well. Overall, the results of Q4 show positive prospects for the Company’s future going into FY25.

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