Page 2 - Aditya Birla Capital

Aditya Birla Capital PAT up 2.6x to Rs 375 crore in March quarter

Aditya Birla Capital Ltd reported its highest ever quarterly profit after tax at Rs 375 crore in Q4 FY21, marking a 2.6 times growth year-on-year and 30% growth over the previous quarter

Aditya Birla Sun Life AMC files DRHP with Sebi

The board of Aditya Birla Capital on April 14 had approved the IPO of Aditya Birla Sun Life AMC

Stocks to watch: Infosys, Wipro, Aditya Birla Capital, HDFC Bank, 5paisa

The board of Aditya Birla Capital has approved an initial public offer of its asset management business, Aditya Birla Sun Life AMC

Our lending book makes us bigger than some banks: ABCL CEO Srinivasan

Having grown larger than some of the banks, he tells Hamsini Karthik shareholders' value enhancement possibly through value unlocking would be something that ABCL would consider going ahead

Aditya Birla Capital board approves initial public offering of AMC arm

The board has approved an offer for sale of up to 2.8 million shares at face value of Rs 5 held by the company in the AMC, the firm said in a notification to exchanges, according to reports

Aditya Birla Capital board gives in-principle approval for AMC arm IPO

Aditya Birla Capital on Wednesday said its board has given in-principle approval to explore an initial public offering (IPO) of its arm Aditya Birla Sun Life AMC

Aditya Birla Capital posts highest ever consolidated net at Rs 289 cr

Aditya Birla Capital Ltd (ABCL) on Friday posted a 15 per cent jump in consolidated net profit to Rs 289 crore for the quarter ended December 2020, the highest ever consolidated quarterly profit.

Veteran Banker Romesh Sobti set to join Aditya Birla Capital board

Rehauling of business strategy is presently underway; set to approach the RBI for banking license once final guidelines is released

Aditya Birla Capital: High on diversification, not much on conviction

Lending businesses accounting for about half of its valuations remain laggards

Aditya Birla Capital profit down 27% at Rs 198 crore in June quarter

Aditya Birla Capital on Friday reported nearly 27 per cent fall in consolidated net profit at Rs 198 crore for June quarter, 2020-21. The holding company of the financial services businesses of the Aditya Birla group had a profit of Rs 270 crore in the year-ago same period. The revenue grew 9 per cent year-on- year to Rs 4,293 crore during April-June 2020-21, Aditya Birla Capital Ltd (ABCL) said in a release. ABCL said the profit during April-June was higher than Rs 144 crore in the preceding March quarter and it provided Rs 62 crore as COVID-19 provisions on its lending businesses during the period under review. "With 91 per cent of its branches operational with strict health protocols, the company looked to normalise its operations through Q1FY21," it added. Overall lending book (NBFC and Housing Finance) stood at Rs 58,073 crore as on June 30, 2020. The company is engaged in lending through NBFC and housing finance. It also has presence in life and health insurance segment an

Covid-19 impact: Six of the top 10 family-owned businesses in the red

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

12 firms to list commercial papers for Rs 8,215 cr issue size: BSE

As many as 12 companies have filed applications with the BSE to list their commercial papers on the bourse for a total issue size of Rs 8,215 crore, the exchange said on Monday. The firms that have made applications are SBI Cards and Payment Services Ltd, Birla Group Holdings Pvt Ltd, National Housing Bank, Aditya Birla Capital Ltd, Larsen & Toubro Ltd, SBI Cards and Payment Services Ltd, BASF India Ltd, The Ramco Cements Ltd, Aarti Industries Ltd, HT Media Ltd, GIC Housing Finance Ltd and Himadri Speciality Chemical Ltd. After the process, the effective date for listing of commercial papers (CPs) at the BSE is December 31, the BSE said in a release. "Till date, 50 issuers have done 182 issuances of commercial papers and have successfully listed CPs of Rs 70,210 crore on the BSE. The weighted average yield of these issuances is 6.42 per cent with an average tenor of 161 days," it added. A CP is an unsecured money market instrument issued in the form of promissory notes that ...

AB Capital: a case of growing mismatch in fundamentals and price movement

Confidence on the stock remains high despite systemic concerns

Grasim Industries Q2 net jumps to Rs 1,473 cr on good show by subsidiaries

Grasim Industries had reported a net loss of Rs 1,319.79 crore in the September quarter a year ago

CCI approves 4% stake buy in Aditya Birla Capital by Jomei Investments

Jomei Investments is a special purpose vehicle owned by Advent International Corporation while ABCL is the holding company of the financial services businesses of the Aditya Birla Group

Top 10 biz headlines: Faster GST refunds, million auto jobs at risk & more

From a single-authority mechanism for processing GST refunds to exporters coming soon to NCLT approving JSW Steel's Rs 19,700-cr bid for Bhushan Power & Steel, here are today's top business news

Aditya Birla Capital to raise Rs 2,100 crore from promoter, PE firms

US-based private equity firm Advent International will put in Rs 1,000 crore via its affiliate Jomei Investment Limited

Aditya Birla Capital Q1 net up 27% to Rs 270 cr; revenue at Rs 3962 cr

The company said the profit during the period under review was largely driven by growth in NBFC, housing finance and asset management businesses

Aditya Birla Capital Q3 net up 42% on strong NBFC, home loan, MF biz

Revenues up 26% to Rs 4,119 crore; lending book expands 29% to Rs 60,129 crore

Aditya Birla Capital disappoints despite strong potential

However, asking price of 1.8x its FY20 book value a key positive for stock