Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows

Strong performance across businesses help 40% YoY growth in lending book

Aditya Birla Capital (ABCL) on Thursday said its consolidated net profit increased 27 per cent on a year-on-year (YoY) basis to Rs 530 crore for the quarter ended December 2022 (Q3 FY23).

The financial services company, which has lending, mutual fund, life insurance and other businesses, made a consolidated net profit of Rs 416 crore in the same quarter a year ago (Q3 FY22).

ABCL’s stock closed 1.84 per cent higher at Rs 138.3 per share on BSE. Consolidated revenue grew 31 per cent YoY to Rs 7,699 crore.

Strong momentum across businesses led to a 40 per cent YoY