Aditya Birla Capital Ltd's Q1FY19 consolidated net profit rises 25.6% yoy to Rs216cr: In-line with Estimates

The company’s consolidated total income stood at Rs2,978cr, up 32.2% yoy.

Aug 11, 2018 03:08 IST India Infoline Research Team

Aditya Birla Capital Ltd Q1FY19

Consolidated Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 2,978 32.2
Net Profit (adjusted) 216 25.6

Aditya Birla Capital consolidated revenue has improved by 32.2% yoy to Rs2,978cr. Its reported net profit came in line with our estimates at Rs216cr, against Rs172cr reported in corresponding quarter last year, indicating an increase of ~25.6% yoy.

  • The company's assets under management rose to Rs3.05 lakh cr from Rs2.62 lakh cr yoy, and the overall lending book rose to Rs53,584cr from Rs41,066cr yoy.
  • Its life insurance and health arm reported a total gross premium of Rs1,205cr from Rs937cr yoy.
  • Aditya Birla Finance Ltd.'s lending book expanded 23% yoy to Rs44,408cr.
  • ABHFL doubled its loan book to Rs9,176cr from Rs4,816cr yoy.
  • Aditya Birla Sun Life AMC Ltd registered a 19% yoy growth in its quarterly AAUM at Rs2.67 lakh cr. Overall, the domestic market share stood at 10.7% in Q1 FY19. The monthly SIP book crossed Rs1,000cr.
  • Aditya Birla Health Insurance Co. Ltd.'s gross written premium came in at Rs76cr in Q1FY19, covering over 10 lakh lives vs. 4 lakh last year.

Technical View:

Aditya Birla Capital Ltd ended at Rs. 146.70, down by 3.2 points or 2.13% from its previous closing of Rs. 149.90 on the BSE.
The scrip opened at Rs. 151.30 and touched a high and low of Rs. 152 and Rs. 146.05 respectively. A total of 24,42,719 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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