Aditya Birla Capital Reports Highest-Ever Quarterly Net Profit Of Rs 375 Crore

Aditya Birla Capital Q4: Aditya Birla Capital announced its January-March quarter results for the financial year 2020-21, reporting its highest-ever quarterly net profit of Rs 375 crore.

Aditya Birla Capital Reports Highest-Ever Quarterly Net Profit Of Rs 375 Crore

Aditya Birla Capital's net profit grew by 2.6 times year-on-year in the January-March quarter

Aditya Birla Capital announced its January-March quarter results for the financial year 2020-21 on Friday, May 14, reporting its highest-ever quarterly net profit of Rs 375 crore. According to a regulatory filing by the company to the stock exchanges, the net profit stood at Rs 144 crore in the corresponding month in the year-ago period. Aditya Birla Capital's net profit grew by 2.6 times year-on-year in the January-March quarter of fiscal 2020-21. According to a statement filed by the company to the BSE, the revenue during the fourth quarter of the fiscal year 2020-21 rose to Rs 5,917 crore. (Also Read: Aditya Birla Capital Rises Over 2% As Subsidiary Files IPO Papers )

The non-banking financial company registered a growth of 16 per cent in revenue year-on-year, as its revenue stood at Rs 5,085 crore in the corresponding month previous fiscal. Aditya Birla Capital stated that it posted strong growth across businesses leading to the delivery of the highest ever consolidated prot, despite the COVID-19 pandemic.

According to the statement, for the full year 2020-21, Aditya Birla Capital's net profit grew 22 per cent to Rs 1,127 crore, compared to Rs 920 crore in the previous financial year. The company's active customer base grew 22 per cent to 2.4 crore, supported by a strong focus on the granular retail growth across businesses.

Shares of Aditya Birla Capital settled 1.68 per cent higher at Rs 121.35 apiece on the BSE. On Friday, Aditya Birla Capital opened on the BSE at Rs 121.80, registering an intra day high of Rs 123.35 and an intra day low of Rs 119.10 throughout the trading session.