Aditya Birla Capital Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company’s consolidated revenue grew by 10% year-on-year to ₹10,949 crore in Q3 FY25, while the consolidated profit after tax was ₹708 crore, compared to ₹736 crore in Q3 FY24. The overall lending portfolio, including NBFC and HFC, grew by 27% year-on-year to ₹1,46,151 crore as of December 31, 2024.
The company’s total assets under management (AUM) grew by 23% year-on-year to ₹5,03,377 crore, driven by a 23% growth in mutual fund quarterly average assets under management (QAAUM) to ₹3,83,911 crore. The life insurance business saw a 31% year-on-year growth in individual first-year premium (FYP) to ₹2,595 crore, while the health insurance business reported a 39% year-on-year growth in gross written premium (GWP) to ₹3,337 crore.
Aditya Birla Capital’s digital platforms, including the D2C platform ABCD, the B2B platform Udyog Plus, and the B2D platform Stellar, have also shown strong growth. The ABCD platform has acquired over 4.1 million customers, while Udyog Plus has crossed ₹3,300 crore in portfolio size. The company’s pan-India presence includes 1,482 branches across all businesses as of December 31, 2024.
The NBFC business saw a 21% year-on-year growth in AUM to ₹1,19,437 crore, with profit before tax growing by 5% year-on-year to ₹805 crore. The housing finance business reported a 136% year-on-year growth in disbursements to ₹4,750 crore, with AUM growing by 62% year-on-year to ₹26,714 crore. The asset management business saw a 42% year-on-year growth in operating profit to ₹261 crore, while the life insurance business reported a net VNB margin of 10.8%.
Overall, Aditya Birla Capital’s financial results for Q3 FY25 indicate strong growth across its various business segments, driven by its digital platforms, expanded branch network, and increased penetration into tier 3 and tier 4 towns. The company’s focus on capturing white spaces and driving growth in new customer segments is expected to continue to drive its growth in the future.