07 November, 2019Share
|Quarter 2||Consolidated Results ( Rs Crore)||Half Year|
|FY 2018-19||FY 2019-20||Particulars||FY 2018-19||FY 2019-20|
|385||471||Profit before Tax1 (pre minority interest)||811||1,024|
|37%||186||256||Profit after Tax (after minority interest)||399||526||32%|
Mumbai: Aditya Birla Capital Limited (“Company”) announced its unaudited financial results for the quarter and half year ended 30th September 2019.
Consolidated Revenue1 of the Company for the quarter grew 8 per cent year on year to Rs.4,299 Crores. The Company’s consolidated profit after tax (after minority interest) in Q2 FY 2019-20 grew strongly by 37 per cent year on year to Rs.256 Crores, reflecting the strength of the diversified business portfolio. Considering the current business environment, the company continues to follow a disciplined approach in terms of balancing growth with a strong focus on the quality of business. The company has a track record of delivering growth in consolidated profit across economic cycles.
During the quarter, the company raised Rs.2,100 Crore of equity capital through preferential allotment to marquee investors and the Promoter / Promoter Group entities. The equity capital raised at Rs.100 per share, at a premium over the traded price, reflects the strong confidence in the business.
The performance highlights of the key underlying businesses of Aditya Birla Capital Ltd. were:
Housing Finance business
1 Aditya Birla Sun Life AMC Ltd. and Aditya Birla Wellness Pvt. Ltd. consolidated based on equity accounting under Ind AS, Consolidated Revenue shown above includes revenues from these two businesses on a 100 per cent basis to show holistic financial performance
Life Insurance business
Health Insurance business
Aditya Birla Capital has a diversified portfolio of businesses catering to the life time needs of its customers. This diversification also allows the conglomerate to capture opportunities in different segments of the market and deliver consistent growth.