<img src="https://www.cms.adityabirla.com/uploads/abg_htls_2024_26c224bfac.webp" alt="abg-htls-2024.webp">Aditya Birla Group Hindustan Times Leadership Summit (HTLS) 2024, brought together leaders and icons from across the fields of politics, sports, business, health, science, and entertainment to share their views on the theme: Progressing Beyond Barriers.The audience included senior politicians, bureaucrats, diplomats, business executives, thinkers, commentators, and analysts. Over the years, the Summit has become one of India’s most prestigious and eagerly awaited forums.HTLS 2024 hosted distinguished public figures such as Narendra Modi, Hon. Prime Minister of India; Dr. S. Jaishankar, Hon. Minister of External Affairs, Government of India; John Kerry, 68th U.S. Secretary of State; Chandrababu Naidu, Hon. Chief Minister of Andhra Pradesh; Kumar Mangalam Birla, Chairman, Aditya Birla Group; Hon. Elizabeth Truss, Former Prime Minister of the United Kingdom; Dr. Manish Gupta, Director, Google Deepmind; Akshay Kumar, Actor &amp; Producer; Ajay Devgn, Filmmaker &amp; Entrepreneur; and Nitin Gadkari, Hon. Minister of road Transport &amp; Highways, Government of India; among others.Here are some quotable quotes from the event: <a href="/en/media/stories/aditya-birla-group-hindustan-times-leadership-summit-2024.html">HTLS 2024</a>

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Aditya Birla Group Hindustan Times Leadership Summit 2024

The Aditya Birla Group once again joined forces with TEDxGateway 2024, India's hub of innovative ideas, on March 2nd at at the Jamshed Bhabha Theatre in NCPA, Mumbai. It was an exhilarating day, fulfilling its mission by sparking stimulating conversations and fostering connections.With over 20 outstanding speakers ranging from visionary artists to tech pioneers and captivating storytellers, the event was a showcase of diverse perspectives. Their stories, fuelled by passion and resilience, left a lasting impact, igniting imaginations along the way. The line-up also included researchers, philanthropists, educators, and activists, underscoring TEDxGateway's dedication to ground-breaking ideas.TEDxGateway, an independently organised TEDx event, has a rich history. Since its modest beginnings in 2010, it has evolved into India's premier platform for thought leaders. Today, it hosts multiple events annually, drawing over 55,400 attendees (on-ground) and 350+ speakers of global repute, and continues to spread impactful ideas.

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TEDxGateway 2024: A Day of Inspiration

Starting from 31 October 2023, until 4 November 2023, Aditya Birla Group Hindustan Times Leadership Summit (HTLS) 2023, will bring together leaders and icons from across the fields of politics, sports, business, health, science, and entertainment to share their views on the theme 'Beyond Barriers'.HTLS 2023 will host distinguished public figures such as Prime Minister Narendra Modi, Chief Justice of India Dhananjaya Y. Chandrachud, and Minister of External Affairs Dr. S. Jaishankar. It will also feature well-known personalities from politics to sports and even entertainment industries, such as Piyush Goyal, Ashwini Vaishnaw, Sushmita Sen, Karan Johar, Alia Bhatt, Charlize, Satwiksairaj Rankireddy and Chirag Shetty, Bhagwant Mann, Sukhvinder Singh Sukhu, Alan Mamedi, Neeraj Chopra, Navin Chawla, and Chris Miller.Launched in 2003, HTLS has evolved into a platform that enhances the quality of discourse on critical global issues and fosters solution-oriented discussions among leaders. Over the years, the summit has grown to become one of the most eagerly anticipated events in India.To learn more or register for the event, click <a href="https://htls2023.virtualeventexp.com/signup">here</a>.

Aditya Birla Group Hindustan Times Leadership Summit 2023

Finance

Inclusion

Innovation

Leadership

Dr. Sujata Sudheendra, Head of HR  & Administration at Aditya Birla Sun Life Insurance, dives into essential tax and financial planning strategies* for women in this episode. *Based on FY23-24 Tax slabs

EPISODE 2 – Tax & financial planning strategies

Pinky Mehta, CFO  of Aditya Birla Capital, speaks on smart retirement planning for women and how to secure a prosperous future.

EPISODE 1 – Smart retirement planning for women

Barsha Ghosh, Head of Credit Life at Aditya Birla Sun Life Insurance, unpacks essential insurance schemes and strategies designed for Indian women. 

EPISODE 3 – Insurance needs for Indian women

Discover how to safeguard your health and wealth with expert advice from Varij Pujara, Chief Distribution Officer at Aditya Birla Health Insurance. 

EPISODE 4 – Key Health Insurance and Investment tips

<a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, reported a consolidated net profit of ₹3,735 crore for the third quarter, up 60%, driven by a strong operational performance by the India business.<h3>Key Highlights of Q3 FY25 (vs. Q3 FY24)</h3><ul><li>Record Aluminium Upstream EBITDA at ₹4,222 crore, up 73%; EBITDA margin at 42%</li><li>Quarterly Copper EBITDA at ₹777 crore, up 18%</li><li>Consolidated EBITDA at ₹8,108 crore, up 28%</li><li>Consolidated Net Debt to EBITDA at 1.33x as of December 31, 2024</li><li>Hindalco secures Meenakshi Coal Mines boosting resource security</li><li>Hindalco becomes the first Indian company to be awarded the Copper Mark - JDDS Accreditation for its sustainable sourcing and production practices</li><li>Hindalco achieves ‘Top 1%’ ranking in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector globally&nbsp; &nbsp;</li></ul>Aluminium Upstream EBITDA stood at an all-time high of ₹4,222 crore, up 73%, supported by lower input costs. Copper business recorded an EBITDA of ₹777 crore, up by 18%, backed by continued strong domestic sales and higher by-product realisations. <a href="/businesses/companies/novelis-inc/">Novelis’</a> revenue stood at $4.1 billion, mainly driven by higher average aluminum prices with total rolled product shipments of 904 kilotonnes largely comparable to the prior year period.&nbsp;<figure class="table" style="width:95.62%;"><table class="ck-table-resized"><colgroup><col style="width:37.22%;"><col style="width:10.84%;"><col style="width:11.42%;"><col style="width:12.73%;"><col style="width:13.39%;"><col style="width:14.4%;"></colgroup><tbody><tr><td>Particulars</td><td style="text-align:center;">Q3 FY24</td><td style="text-align:center;">Q2 FY25</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">9M FY24</td><td style="text-align:center;">9M FY25</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">52,808</td><td style="text-align:center;">58,203</td><td style="text-align:center;">58,390</td><td style="text-align:center;">1,59,968</td><td style="text-align:center;">1,73,606</td></tr><tr><td>Earning Before Interest, Tax, Depreciation &amp; Amortisation (EBITDA)</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="padding:5px;">&nbsp; &nbsp; Novelis*</td><td style="text-align:center;">3,783</td><td style="text-align:center;">3,872</td><td style="text-align:center;">3,097</td><td style="text-align:center;">11,237</td><td style="text-align:center;">11,139</td></tr><tr><td>&nbsp; &nbsp; Aluminium Upstream</td><td style="text-align:center;">2,443</td><td style="text-align:center;">3,709</td><td style="text-align:center;">4,222</td><td style="text-align:center;">6,452</td><td style="text-align:center;">11,424</td></tr><tr><td>&nbsp; &nbsp; Aluminium Downstream</td><td style="text-align:center;">110</td><td style="text-align:center;">154</td><td style="text-align:center;">150</td><td style="text-align:center;">401</td><td style="text-align:center;">414</td></tr><tr><td>&nbsp; &nbsp; Copper</td><td style="text-align:center;">656</td><td style="text-align:center;">829</td><td style="text-align:center;">777</td><td style="text-align:center;">1,840</td><td style="text-align:center;">2,411</td></tr><tr><td>Business Segment EBITDA</td><td style="text-align:center;">6,992</td><td style="text-align:center;">8,564</td><td style="text-align:center;">8,246</td><td style="text-align:center;">19,930</td><td style="text-align:center;">25,388</td></tr><tr><td>Inter Segment Profit/ (Loss) Elimination (Net)</td><td style="text-align:center;">(50)</td><td style="text-align:center;">3</td><td style="text-align:center;">(164)</td><td style="text-align:center;">(51)</td><td style="text-align:center;">(391)</td></tr><tr><td>Unallocable Income/ (Expense) - (Net) &amp; GAAP Adjustments</td><td style="text-align:center;">(620)</td><td style="text-align:center;">533</td><td style="text-align:center;">26</td><td style="text-align:center;">(1,352)</td><td style="text-align:center;">203</td></tr><tr><td>EBITDA</td><td style="text-align:center;">6,322</td><td style="text-align:center;">9,100</td><td style="text-align:center;">8,108</td><td style="text-align:center;">18,527</td><td style="text-align:center;">25,200</td></tr><tr><td>Finance Costs</td><td style="text-align:center;">944</td><td style="text-align:center;">869</td><td style="text-align:center;">817</td><td style="text-align:center;">2,970</td><td style="text-align:center;">2,545</td></tr><tr><td>PBDT</td><td style="text-align:center;">5,378</td><td style="text-align:center;">8,231</td><td style="text-align:center;">7,291</td><td style="text-align:center;">15,557</td><td style="text-align:center;">22,655</td></tr><tr><td>Depreciation &amp; Amortisation (including impairment)</td><td style="text-align:center;">2,051</td><td style="text-align:center;">2,074</td><td style="text-align:center;">1,955</td><td style="text-align:center;">5,705</td><td style="text-align:center;">5,986</td></tr><tr><td>Share in Profit/ (Loss) in Equity Accounted Investments (Net of Tax)</td><td style="text-align:center;">1</td><td style="text-align:center;">-</td><td style="text-align:center;">1</td><td style="text-align:center;">3</td><td style="text-align:center;">3</td></tr><tr><td>Profit before Exceptional Items and Tax</td><td style="text-align:center;">3,328</td><td style="text-align:center;">6,157</td><td style="text-align:center;">5,337</td><td style="text-align:center;">9,855</td><td style="text-align:center;">16,672</td></tr><tr><td>Exceptional Income/ (Expenses) (Net)</td><td style="text-align:center;">-</td><td style="text-align:center;">(514)</td><td style="text-align:center;">(41)</td><td style="text-align:center;">21</td><td style="text-align:center;">(885)</td></tr><tr><td>Profit Before Tax (After Exceptional Item)</td><td style="text-align:center;">3,328</td><td style="text-align:center;">5,643</td><td style="text-align:center;">5,296</td><td style="text-align:center;">9,876</td><td style="text-align:center;">15,787</td></tr><tr><td>Tax</td><td style="text-align:center;">997</td><td style="text-align:center;">1,734</td><td style="text-align:center;">1,561</td><td style="text-align:center;">2,895</td><td style="text-align:center;">5,069</td></tr><tr><td>Profit/ (Loss) After Tax</td><td style="text-align:center;">2,331</td><td style="text-align:center;">3,909</td><td style="text-align:center;">3,735</td><td style="text-align:center;">6,981</td><td style="text-align:center;">10,718</td></tr><tr><td>EPS (/Share) - Basic</td><td style="text-align:center;">10.50</td><td style="text-align:center;">17.59</td><td style="text-align:center;">16.82</td><td style="text-align:center;">31.43</td><td style="text-align:center;">48.25</td></tr></tbody></table><figcaption>Consolidated Financial Highlights for the Quarter and Nine Months ended December 31, 2024. (₹ Crore)</figcaption></figure>*As per US GAAPCommenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,&nbsp;&nbsp; "Hindalco delivered robust consolidated results in the third quarter despite global uncertainties, driven by an excellent performance of its India business. The Aluminium India Upstream business achieved record quarterly EBITDA, with industry-leading margins of 42%. The downstream segment experienced consistent growth posting a 36% increase in EBITDA. The Copper business delivered a robust 18% growth in EBITDA. The business marked a significant milestone by achieving the ‘Copper Mark- JDDS’ for its responsible and sustainable production practices. Novelis continues to focus on operational and cost efficiency initiatives in the face of current pressures on scrap pricing.During the quarter we secured critical resources for our India upstream business, enhancing our global cost leadership. &nbsp;Key growth initiatives, such as the alumina refinery, aluminium smelter expansion, copper smelter expansion and the FRP project, remain on track. Our strong balance sheet positions us well for the next phase of transformative growth.&nbsp;&nbsp; Our holistic ESG approach continues to gain global recognition. Hindalco is the only company to achieve a Top 1% ranking in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector.”<h3>Segment-wise Performance</h3><h4>Novelis*:&nbsp;</h4><ul><li>Shipments at 904 KT, down 1%</li><li>Novelis Revenue at $4.1 billion, up 4%, driven by higher average aluminium prices</li><li>Adjusted EBITDA at $367 million, down 19% due to higher aluminum scrap prices and unfavourable product mix</li><li>Net Income at $110 million, down 9%</li></ul>(*As per US GAAP)<h4>Aluminium (India)&nbsp;</h4><ul><li>Quarterly Upstream revenue at ₹9,993 crore, up 25%</li><li>Record Aluminium Upstream EBITDA at ₹4,222 crore, up 73%&nbsp;</li><li>Aluminium Upstream EBITDA per tonne was at $1,480, up 68%, with industry-best margins of 42%</li><li>Downstream revenue at ₹3,195 crore, up 25%</li><li>Aluminium downstream EBITDA stood at ₹150 crore, up 36%</li><li>Sales of Downstream Aluminium at 99 KT, up 10%&nbsp;</li><li>Downstream EBITDA per tonne at $179, up 22%</li></ul><h4> Copper (India)</h4><ul><li>Revenue at ₹13,732 crore, up 15%&nbsp;</li><li>EBITDA at ₹777 crore, up 18%&nbsp;</li><li>Copper metal sales at 120 KT, up 1%</li><li>Copper Continuous Cast Rod (CCR) sales at 95 KT, up 1%</li></ul>&nbsp;<h3>Business Updates &amp; Recognition&nbsp;</h3><ul><li>Hindalco secures Meenakshi coal mines with an annual capacity of 12 million tonnes, boosting resource securitization.</li><li>Hindalco’s Copper Tubes project to be commissioned in Q4 FY25.</li><li>Hindalco is the first Indian company to be awarded the Copper Mark - JDDS (Joint Due Diligence Standard) for its sustainable sourcing and production practices. This Accreditation is recognised by the London Metal Exchange, and OECD (Organisation for Economic Co-operation and Development).</li><li>Hindalco ranks among the top 1% in the S&amp;P Global Sustainability Yearbook 2025 with the highest ESG score in the aluminium sector, globally.</li><li>Hindalco named one of India’s Best Workplaces in Manufacturing – 2025, by the Great Place to work ® Institute for the third consecutive year.</li></ul>

Hindalco Results Q3 FY25: Robust consolidated results backed by strong India business performance

<a href="/businesses/companies/grasim-industries-limited/">Grasim Industries Limited</a> today announced its financial results for the quarter ended 31st December 2024 (Q3FY25). Consolidated revenue stood at ₹34,793 Cr., up by 9% YoY, driven by the all-round growth across key businesses. Consolidated EBITDA at ₹4,668 Cr., was down 9% YoY mainly due to lower realisations in the Cement business and initial investments for building a strong consumer-facing Paints business: ‘Birla Opus’. Further, higher interest and depreciation charges on account of investments in the Building Materials businesses has led to lower PAT.&nbsp;<figure class="table" style="width:100%;"><table style="border-color:hsl(0, 0%, 0%);border-style:solid;"><tbody><tr><td><ul><li>Revenue: Consolidated revenue for the quarter stood at ₹34,793 Cr., up 9% YoY; TTM revenue at ₹1,39,944 Cr.</li><li>Birla Opus: Out of total six plants planned, four already operational with commissioning of Chamarajnagar in Nov’24. Remaining two plants to be operational in Q4FY25 and Q1FY26.</li><li>Cellulosic Staple Fibre: The Board approves setting up of 110K TPA Lyocell Fibre Plant at Harihar, Karnataka in phases.</li><li>Chemicals: EBITDA higher by 25% YoY led by improved realisation of Caustic Soda and better profitability in Chlorine Derivatives segment.</li><li>Cement: Total Capacity (India + Overseas) reached 171.2 MTPA, on-track to achieve capacity of over 200 MTPA by FY27.</li><li>Financial Services: Total Lending portfolio (NBFC + HFC) grew 27% YoY to ₹1,46,151 Cr.</li></ul></td></tr></tbody></table><figcaption>KEY HIGHLIGHTS – Q3FY25</figcaption></figure>&nbsp;<figure class="table" style="width:100%;"><table><tbody><tr><td style="text-align:center;">9MFY25</td><td style="text-align:center;">9MFY24</td><td style="text-align:center;">YoY&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">Q3FY25</td><td style="text-align:center;">Q3FY24</td><td style="text-align:center;">YoY&nbsp;</td></tr><tr><td style="text-align:center;">102,216</td><td style="text-align:center;">93,251</td><td style="text-align:center;">10%</td><td style="text-align:center;">Revenue</td><td style="text-align:center;">34,793</td><td style="text-align:center;">31,965</td><td style="text-align:center;">9%</td></tr><tr><td style="text-align:center;">13,470</td><td style="text-align:center;">14,640</td><td style="text-align:center;">(8%)</td><td style="text-align:center;">EBITDA</td><td style="text-align:center;">4,668</td><td style="text-align:center;">5,150</td><td style="text-align:center;">(9%)</td></tr><tr><td style="text-align:center;">2,562</td><td style="text-align:center;">4,255</td><td style="text-align:center;">(40%)</td><td style="text-align:center;">PAT^</td><td style="text-align:center;">899</td><td style="text-align:center;">1,514</td><td style="text-align:center;">(41%)</td></tr></tbody></table><figcaption>CONSOLIDATED FINANCIAL RESULTS (₹ Cr.)</figcaption></figure>^owner’s share of PAT excluding exceptional items.&nbsp; The Board has approved setting up of 110K TPA capacity of Lyocell, the fastest growing Cellulosic Fibre, at Harihar, Karnataka. The first phase of 55K TPA will be executed by mid-2027 at an investment of ₹1,350 Cr. It will further strengthen the Company’s Specialty product portfolio of Eco-friendly fibres. With this investment, Grasim's total Lyocell capacity marketed under the ‘Birla Excel’ brand will increase to 153K TPA, solidifying its position as a key player in the global sustainable fibre industry. This investment is a testament to the commitment of the Company’s support for growth of India’s textile industry.&nbsp; &nbsp;<h3>Cellulosic Fibres (Cellulosic Staple Fibre: CSF and Cellulosic Fashion Yarn: CFY)</h3>China operating rates improved to 89% in Q3FY25, compared to 86% in Q2FY25. Additionally, average inventory holding was at the lowest level of 8 days compared to an average of 13 days for FY24. Stable demand scenario in China has led to steady CSF prices of $1.65/kg in Q3FY24. CSF sales volume during the quarter stood flat at 205 KT due to production disruption at Excel Plant, Kharach and seasonally weak demand towards the quarter end. CFY business recorded volume growth of 10% YoY though on lower base, however realisations remained under pressure due to surge of cheaper imports from China. Cellulosic Fibres segment reported revenue growth of 6% YoY to ₹3,934 Cr. EBITDA de-grew by 18% YoY to ₹331 Cr. mainly due to higher key input prices. &nbsp;<h3>Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)</h3>Caustic Soda international average spot prices (CFR-SEA) for Q3FY25 stood higher by 16% YoY at $516/ton, highest since Q1FY24. Subsequently, realisations in domestic markets also improved in line with global prices. However, continued negative Chlorine realisations on account of oversupply resulted in lower growth in ECU realisations of 8% YoY to ₹34,041/ton.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caustic soda sales volume growth at 1% YoY was muted due to lower production at Vilayat plant restricted by lower power availability. The <a href="/businesses/sectors/chemicals/">Chemicals </a>business revenue was up by 12% YoY at ₹2,226 Cr. EBITDA increased by 25% YoY at ₹329 Cr. driven by improved realisation in Caustic Soda and better profitability in the Chlorine Derivatives segment. &nbsp;<h3>Building Materials (Cement, Paints and B2B E-commerce)</h3>Building Materials segment is expanding capacities to meet the growing demand from infrastructure and Housing requirements. The building materials segment reported revenue growth of 10% YoY to ₹18,784 Cr. The revenue growth has come mainly from new businesses Birla Opus and Birla Pivot. Lower realisations in Cement business (<a href="/businesses/companies/ultratech-cement-limited/">UltraTech</a>) and initial expenses for building a consumer facing brand ‘Birla Opus’ in the Indian decorative paints industry led to lower EBITDA at ₹2,806 Cr., down 14% YoY.Consolidated sales volumes of the Cement business were up by 11% YoY to 30.37 MT and ready-mix concrete sales volumes grew by 14% YoY to 3.17 Mn m3. UltraTech Building Solutions (UBS) outlets increased to 4,432, contributing 19.5% of domestic grey cement sales volume. UltraTech completed the integration of India Cements in the quarter. Total capacity addition till Dec-24 was 25.0 MTPA. Total domestic grey cement capacity is targeted at 182.8 MTPA (including Kesoram capacity of 10.8 MTPA, awaiting regulatory approval for transfer of mines) by the end of FY25.&nbsp;In the Paints business (<a href="/businesses/companies/birla-opus/">Birla Opus</a>), commercial production started at Chamarajanagar in Nov-24 and Mahad is expected to start in current quarter. Kharagpur trial run production is expected to commence in Q1FY26. The advertisement campaigns ‘Naye Zamane ka Naya Paint’ and ‘Make life Beautiful’ have garnered positive response with an extensive outreach to 70 Cr.+ Indians. The product availability has increased to 170+ products with 1000+ SKUs already placed in the distribution channel. The product reach has increased to 5,500+ towns being serviced from 131 depots operational across India. The product quality is getting “Excellent” rating and is witnessing accelerated demand from contractors and consumers leading to increase in counter share at the dealers’ network. The total Capex for the business stood at ₹9,015 Cr. till December 2024, ~90% of the planned Capex outlay.B2B E-Commerce business (Birla Pivot) revenue continues to grow in-line with the plan and remains on track to achieve revenue of $1 billion by FY27. The business has launched ‘Birla Pivot Bathware expanding its private label portfolio beyond Tiles and Plywood. The business has expanded its product offerings across 35 product categories comprising 40,000+ SKUs sourced from 300+ Indian and International brands. Birla Pivot continues to expand its geographical reach with delivery to 375 cities across 26 states and union territories. The business is continuously working on enhancing the user experience by launching customised self-serve tools driving digital adoption across B2B ecosystem. &nbsp;<h3>Financial Services</h3>Revenue and EBITDA of the financial Services business (<a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital</a>), as consolidated in accordance with Ind AS, stood at ₹9,396 Cr. and ₹1,053 Cr. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to ₹1,46,151 Cr. The total AUM (AMC, life insurance and health insurance) grew by 23% YoY to ₹5,03,377 Cr. The business continues to focus on leveraging technology to provide customers an omni-channel experience. During the quarter, the D2C platform, ABCD (Aditya Birla Capital Digital), introduced new products such as travel insurance, UPI lite, physical gold gifting and App-exclusive health insurance product. ABCD application manages +4.1 mn customers as of Jan-25. Udyog Plus, the channel addressing the needs of MSMEs, continues to scale up well with 2.2 mn+ registrations and a total AUM of ~₹3,300 Cr. &nbsp;<h3>Other Businesses (Textiles, Renewables, and Insulators)</h3>Revenue from other businesses stood at ₹815 Cr. and EBITDA stood at ₹125 Cr. In the Renewable business, cumulative installed capacity stood at 1.2 GWp, up 37% from 894 MW in Mar’24 and another 0.8 GW is under advanced stage of commissioning. <a href="/businesses/sectors/textiles/">Textiles </a>business revenue stood at ₹558 Cr. EBITDA remains impacted by exceptional high input prices in linen segment. &nbsp;<h3>Capital Expenditure</h3>Capital expenditure for 9MFY25 stood at ₹2,785 Cr. of which ~71% i.e. ₹1,966 Cr. is spent on new growth businesses, Paints and B2B E-commerce. &nbsp;<h3>Sustainability</h3>Grasim Industries has won “The Conscious Corporate Award 2024” at the Economic Times Awards for Corporate Excellence. The award recognises the Company’s significant progress on Environmental, Social and Governance (ESG) front. Also, the Cellulosic Fibres business of the Company achieved #1 ranking in Canopy’s Hot Button Report 2024 for its commitment to conserve Ancient and Endangered Forests and promote circular solutions. The Company has achieved highest rating of 'Dark Green Shirt' for the fifth consecutive year. The Company remains committed to increase the adoption of renewable energy and water recycling across manufacturing units. On a standalone basis, the proportion of recycled water consumption to freshwater consumption improved to 51%. The share of renewable power consumption in Standalone Businesses stood at 11%. &nbsp;<h3>Outlook</h3>Grasim Industries Limited is well positioned to capitalise on the opportunities in diverse sectors of the fast-growing Indian economy with its significant presence and investments in building up the size and scale of its businesses. The Government’s vision for ‘Viksit Bharat’ with focus on infrastructure &amp; housing, manufacturing, financialisation and thrust on increasing economic prosperity of the large section of people augurs well for the Company.&nbsp;

Grasim Industry announces financial results for Q3FY25

<blockquote><ul><li>Consolidated Revenue1: Rs. 10,949 crore (↑10% y-o-y)&nbsp;</li><li>Consolidated PAT: Rs. 708 crore (Q3 FY24: Rs. 736 crore)&nbsp;</li><li>NBFC AUM: Rs. 1.19 lakh crore (↑ 21% y-o-y and 4% q-o-q)</li><li>HFC AUM: Rs. 26,714 crore (↑ 62% y-o-y and 15% q-o-q)</li><li>Mutual fund quarterly average AUM: Rs.&nbsp;3,83,911 crore (↑ 23% y-o-y)</li><li>Life insurance individual first year premium: Rs.&nbsp;2,595 crore in 9M FY25 (↑ 31% y-o-y)</li><li>Health insurance gross written premium: Rs.&nbsp;3,337 crore in 9M FY25 (↑ 39% y-o-y)&nbsp;</li><li>Udyog Plus, B2B platform for MSMEs crossed Rs.&nbsp;3,300 crore AUM till date</li><li>ABCD, omnichannel D2C platform with 4.1 mn + customer acquisitions till date</li><li>Stellar, B2D platform for channel partners went live</li></ul></blockquote>&nbsp;Aditya Birla Capital Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2024.The consolidated revenue1 grew by 10% year-on-year to Rs.&nbsp;10,949 crore in Q3 FY25. The consolidated profit after tax was Rs. 708 crore in Q3 FY25 compared to Rs. 736 crore in Q3 FY24. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 6% sequentially to Rs. 1,46,151 crore as on December 31, 2024. The total AUM (AMC, life insurance and health insurance) grew by 23% year-on-year to Rs. 5,03,377 crore as on December 31, 2024. The total premium (life insurance and health insurance) grew by 27% year-on-year to Rs. 16,942 crore in 9M FY25.The Company’s omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 22 products and services such as payments, loans, insurance, and investments. Its unique feature of ‘My Track’ helps users track their personal finance, credit history and health. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with more than 4.1 million customer acquisitions till date. <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital</a> servicing app for existing customers was rolled out in December 2024. It has been built on a modular platform offering a unified and common servicing infrastructure across all businesses and has a single sign-on with ABCD app.&nbsp;The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It continues to scale up quite well with more than 2.2 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed Rs. 3,300 crore.The B2D digital integrated platform for channel partners, Stellar, went live in January. It offers them a consolidated ‘one view’ dashboard of their business. It helps them to manage their leads and track them till conversion and enables them to grow their business volumes. It will help the Company to increase the product penetration among existing customers.The Company has a pan-India presence of 1,482 branches across all businesses as of December 31, 2024. The Company is focused on capturing white spaces and driving penetration into tier 3 and tier 4 towns and new customer segments. &nbsp;<h3>Highlights of NBFC business in Q3 FY25</h3><ul><li>AUM grew by 21% year-on-year and 4% sequentially to Rs. 1,19,437 crore&nbsp;</li><li>Loans to Retail, SME and HNI customers constitute 64% of the total portfolio&nbsp;</li><li>Profit before tax grew by 5% year-on-year to Rs. 805 crore&nbsp;</li><li>Return on assets was 2.10% and return on equity was 13.87%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 60 basis points year-on-year to 4.25%&nbsp;</li></ul><h3> Highlights of Housing Finance business in Q3 FY25</h3><ul><li>Disbursements grew by 136% year-on-year and 18% sequentially to Rs. 4,750 crore&nbsp;</li><li>AUM grew by 62% year-on-year and 15% sequentially to Rs. 26,714 crore&nbsp;</li><li>Profit before tax grew by 10% year-on-year and 6% sequentially to Rs. 110 crore&nbsp;</li><li>Return on assets was 1.42% and return on equity was 10.66%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 177 basis points year-on-year and 45 basis points sequentially to 1.77%&nbsp;</li></ul><h3> Highlights of Asset Management business in Q3 FY25</h3><ul><li>Mutual fund quarterly average assets under management (QAAUM) grew by 23% year-on-year to Rs. 3,83,911 crore, with equity mix at 46.8%</li><li>Equity QAAUM grew by 32% year-on-year to Rs. 1,79,481 crore&nbsp;</li><li>Individual monthly average assets under management grew by 19% year-on-year to Rs. 1,97,331 crore</li><li>Monthly systematic investment plan (SIP) flows grew by 38% year-on-year to Rs. 1,382 crore in December 2024</li><li>Operating profit grew by 42% year-on-year to Rs. 261 crore&nbsp;</li></ul><h3> Highlights of Life Insurance business in 9M FY25&nbsp;</h3><ul><li>Individual First Year Premium (FYP) grew by 31% year-on-year to Rs. 2,595 crore&nbsp;</li><li>Group New Business Premium grew by 32% year-on-year to Rs. 4,036 crore</li><li>Renewal premium grew by 13% year-on-year to Rs. 6,555 crore&nbsp;</li><li>13th month persistency was strong at 87% in December 2024&nbsp;</li><li>61st month persistency continued to improve at 67% in December 2024 (December 2023: 62%)</li><li>Net VNB margin was 10.8%&nbsp;</li></ul><h3> Highlights of Health Insurance business in 9M FY25</h3><ul><li>Gross written premium (GWP) grew by 39% year-on-year to Rs. 3,337 crore</li><li>Market share among standalone health insurers (SAHI) increased by 138 basis points year-on-year to 12.0%&nbsp;</li><li>Combined ratio improved to 114% from 121% in 9M FY24</li></ul>

Aditya Birla Capital announces Q3 FY25 Results

UltraTech Cement Limited, an Aditya Birla Group company, today announced its financial results for the quarter ended 31st December, 2024.&nbsp;&nbsp;<figure class="table" style="width:100%;"><table class="ck-table-resized"><colgroup><col style="width:20%;"><col style="width:20%;"><col style="width:20%;"><col style="width:20%;"><col style="width:20%;"></colgroup><thead><tr><th>&nbsp;</th><th style="text-align:center;" colspan="2">Consolidated</th><th style="text-align:center;" colspan="2">Standalone</th></tr></thead><tbody><tr><th>Particulars&nbsp;</th><td style="text-align:center;">Q3FY25</td><td style="text-align:center;">Q3FY24</td><td style="text-align:center;">Q3FY25</td><td style="text-align:center;">Q3FY24</td></tr><tr><th>Net Sales</th><td style="text-align:center;">16,971</td><td style="text-align:center;">16,487</td><td style="text-align:center;">16,102</td><td style="text-align:center;">15,882</td></tr><tr><th>PBIDT</th><td style="text-align:center;">3,131</td><td style="text-align:center;">3,395</td><td style="text-align:center;">2,984</td><td style="text-align:center;">3,289</td></tr><tr><th>PAT</th><td style="text-align:center;">1,470</td><td style="text-align:center;">1,777</td><td style="text-align:center;">1,434</td><td style="text-align:center;">1,718</td></tr></tbody></table><figcaption>(Rs. in crores)</figcaption></figure>&nbsp;Upon receiving an unconditional approval from the Competition Commission of India, UltraTech acquired 10,13,91,231 equity shares of Rs.10/- each of The India Cements Limited (“ICEM”), representing 32.72% of ICEM’s equity share capital, from the former promoters and one other shareholder. With this acquisition, along with its existing shareholding of 22.77%, UltraTech’s total shareholding in ICEM has increased to 17,19,55,887 equity shares, representing 55.49% of ICEM’s equity share capital. As a result, ICEM has become a subsidiary of UltraTech, effective 24th December, 2024.Additionally, UltraTech has made an open offer to the public shareholders of ICEM to acquire upto 8,05,73,273 equity shares of Rs.10/- each, representing 26% of ICEM’s equity share capital, at an offer price of Rs. 390/- per share. The tendering period for the offer began on 8th January, 2025 and closed on 21st January, 2025. The number of shares tendered under the open offer is more than the size of the offer. Consequently, UltraTech will accept shares tendered on a proportionate basis in consultation with the Manager to the Offer. Payment of consideration for shares accepted will be completed on or before 4th February, 2025. &nbsp;<h3>FINANCIALS</h3>Consolidated Net Sales was Rs. 16,971 crores vis-à-vis Rs. 16,487 crores over the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 3,131 crores compared to Rs. 3,395 crores. Profit after tax was Rs. 1,470 crores compared to Rs. 1,777 crores. &nbsp;<h3>OPERATIONS</h3>UltraTech achieved a capacity utilisation of 73% during the quarter. Domestic sales volume grew 10% YoY. Energy costs were lower by 13% YoY and 4% QoQ mainly on account of decrease in fuel cost. &nbsp;<h3>CAPITAL EXPENDITURE</h3>UltraTech’s expansion program is progressing as per schedule.As part of its ongoing capacity expansion program, UltraTech commissioned an additional 1.8 mtpa capacity. With the acquisition of The India Cements Limited, UltraTech’s cement capacity has increased to 171.11 mtpa, on a consolidated basis.Upon completion of the ongoing expansion projects and the acquisition of Kesoram Cement (10.75 MTPA), UltraTech will achieve the unique milestone of more than 200 mtpa cement capacity in the country by the end of FY27. &nbsp;<h3>SUSTAINABILITY</h3>UltraTech is the first cement company in India to leverage National Waterways to transport a large consignment of raw materials via the National Waterway (Ganga-Bhagirathi-Hooghly River system).The use of inland waterways over roadways and railways is expected to result in significant carbon emissions reduction. This pilot movement over National Waterway underscores UltraTech’s commitment to green logistics as a key enabler in achieving its Net Zero goal by 2050.Continuing its stated commitment towards enhancing environment conservation measures, UltraTech commenced 16 MW of WHRS capacity during the quarter. With this, the Company’s total WHRS capacity stands augmented to 324 MW. The share of green power (including WHRS and RE Power) in the Company’s power mix is 33.4% for the quarter. &nbsp;<h3>GOING FORWARD</h3>The government’s focus on infrastructure and housing projects together with increased rural and urban demand, is expected to generate a sustainable volume growth of 7- 8%, going forward.As India Build’s – India Grows! UltraTech strives to be a key partner in this journey of progress as our belief is ‘Banega toh badhega India!’

UltraTech Cements announces Q3FY25 Financial Results

UltraTech to buy 26% stake in O2 Renewable for green energy needs

Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFC

Grasim Industries ventures into paint business with Birla Opus, eyes second-largest position in the sector

Hindalco on track to meet clean energy targets two years ahead

A college principal becomes a green warrior, turns campus into a forestInspiring change doesn’t always require grand gestures—it can start with a single sapling. Dr. Sasikanta Dash, the principal of Tagore Arts &amp; Science College in Puducherry, has proven that one person’s commitment and will to be a <a href="/our-story/a-force-for-good/">force for good</a>, can transform an entire landscape, literally.When Dr. Dash first arrived at the college, he was greeted by barren land. Growing up in Odisha, surrounded by lush greenery until floods ravaged his village in 1984, he was deeply moved by the devastation. Driven by this experience, he made it his life’s mission to restore and protect nature wherever possible.&nbsp;<div class="video-responsive"><iframe src="https://www.youtube.com/embed/cyjzkPRW_ZE?controls=0&amp;muted=1&amp;rel=0&amp;list=PLOht9sWI0L7cJUKAtH-FbhZt_1YVaZanB" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen=""></iframe></div>&nbsp;With determination, Dr. Dash launched a greening initiative on the campus, planting nearly 8,000 trees over eight years. His efforts didn’t stop at planting; he turned tree-planting into a creative engagement for students. Those caught cheating in exams had to plant a tree, and gifting saplings became a tradition among the students.The journey wasn’t easy. In the beginning, Dr. Dash faced criticism from teachers and students alike, and even local cattle owners resisted his efforts. But perseverance paid off. Today, the campus is a thriving green oasis, offering shade and clean air while being 3 degrees cooler in the scorching summer heat.The transformation goes beyond greenery. A rainwater harvesting system holds 1.2 million litres of water, ensuring <a href="/sustainability/">sustainable water use</a>, and the college canteen serves meals made with organic vegetables grown on-campus. By integrating organic farming practices into campus life, Dr. Dash is nurturing a culture of <a href="/media/stories/engineering-a-planet-positive-growth-story/">sustainability and environmental conservation</a>, turning the campus into a living example of how small changes can create lasting impact. These efforts have not gone unnoticed—Dr. Dash has been honoured with the Chief Minister’s Award, and the campus is now recognised by the Ministry of Tourism, Government of India, as a must-visit destination.His message is simple yet profound: “Each one, teach one, and plant one. That’s how our planet will survive.”<a href="/our-story/group-purpose/">Aditya Birla Group</a> is happy to partner The Better India to give voice to inspiring stories of people acting as #AForceForGood.

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A college principal who turned his campus into a forest

Stories of good are all around us -- pockets of positivity that act as inspiration for society. Here’s a heart-warming story about a cab driver who transformed his life into a <a href="/our-story/a-force-for-good/">force for good</a>.Once a cab driver on the streets of Pune, Dadasaheb Gaikwad’s life took a turn when he decided to dedicate his life to helping those abandoned on Pune’s streets. “They don’t have clothes, they eat food that’s thrown away, they have injuries that are untreated, there are flies swarming around them. They have no one, but they have Dadasaheb,” says this man who has made it his life mission to helping the homeless.&nbsp;<div class="video-responsive"><iframe src="https://www.youtube.com/embed/vpaWrdVexC4?controls=0&amp;muted=1&amp;rel=0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen=""></iframe></div>&nbsp;Dadasaheb was not born rich, but is rich in his love for humanity. As a cab driver, he would take time out to share his lunch dabba with homeless people. Then he started taking care of the homeless full time. He quit his job, even opened up his home and his wife sold her jewellery to support his mission. The family faced their own struggle in the effort to help others.Dadasaheb reached out to donors for support. With their help, he started renting a space and set up an NGO called ASK as a shelter. He now drives an ambulance and makes the rounds of Pune’s streets – ensuring a helping hand and an offer of food, clothes and medicines to those in need. Going many steps further, he spends hours in police stations trying to reunite people with their families.“When these people get better, they give me love and blessings. That’s all I need to feel I am in heaven,” he smiles.&nbsp;&nbsp;&nbsp;&nbsp; Dadasaheb looks out for those helpless and vulnerable on the streets, the ones who don’t have anyone to look after them or have been abandoned by their families. These are the ones that this Pune social worker reaches out to. “If you see someone on the streets in Pune, call me. If nothing else, at least give them something to eat, he says.His message to those who are better off in life is simple: “Keep the humaneness alive.” That’s the true power of change.<a href="/our-story/vision-and-values/">Aditya Birla Group</a> is happy to partner The Better India to amplify social impact stories of people &nbsp;who are India’s unsung heroes, those who act as #AForceForGood.&nbsp;

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A cab driver turned ministering angel

When Sarah Iyer, a retired teacher, saw an indie dog lying paralysed on a street five years ago, it broke her heart. Pained at the plight of indie dogs, Sarah decided to channelise her indignation into a larger cause by opening a shelter for disabled and abandoned dogs, Daaman Animal Shelter, in Chennai.&nbsp;Now, five years later, Sarah, 59, and her husband, Gerry, who has been her rock in this mission, have provided a home to over 500 abandoned dogs, most of whom are old, blind or paralysed. “I think these dogs are the last on anyone’s priority list,” says Sarah, who also fulfilled her late mother’s wish to open an animal shelter with Daaman.&nbsp;&nbsp;<div class="video-responsive"><iframe src="https://www.youtube.com/embed/St1ohQd4JoU?controls=0&amp;muted=1&amp;rel=0&amp;list=PLOht9sWI0L7cJUKAtH-FbhZt_1YVaZanB" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen=""></iframe></div>&nbsp;Undoubtedly, running a dog shelter isn’t an easy task. Sarah and Gerry began by using their savings to rent a space and build enclosures. Now, their days are filled with feeding, treating and caring for abandoned dogs.When naysayers question their mission and accuse them of prolonging the torture for ailing and suffering dogs, Sarah’s response is to point to the joyfully wagging tails of the residents of Daaman. “You should come and see our shelter. There are happy dogs all around. Even if some of them are paraplegic, they play and have fun,” she says.Another challenge is when people secretly abandon their pets at the shelter gate or when owners refuse to come back for their dogs after they have recovered. The medical bills keep growing and funding is always a concern, too. However, Sarah is determined to give abandoned indie dogs a “forever” home.Her dream is to have dog shelters across India. “We would love to help others to start paraplegic dog shelters in their own cities and towns,” she says. Of course, she would prefer a world that doesn’t require such shelters at all. “If society stepped up and people would volunteer, donate or look after abandoned dogs, we would not need any shelters,” she says. Till that happens, Sarah and Gerry will continue to offer a sanctuary to old, ailing and paralysed abandoned dogs at Daaman.<a href="/our-story/vision-and-values/">Aditya Birla Group</a> is happy to partner The Better India to give voice to inspiring stories of people acting as #<a href="/our-story/a-force-for-good/">AForceForGood</a>.

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