Aditya Birla Capital Limited ('The Company') announced its audited financial results for the quarter and year ended March 31, 2025.

The consolidated revenue1 grew by 13% year-on-year to 14,138 crore in Q4 FY25 and 20% year-on-year to 47,369 crore in FY25. The consolidated operating profit grew by 25% year-on-year to 1,672 crore in Q4 FY25 and 19% year-on-year to 5,475 crore in FY25. The consolidated profit after tax grew by 6% year-on-year to 865 crore in Q4 FY25 and 8% year-on-year to 3,142 crore in FY25. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 8% sequentially to 1,57,404 crore as on March 31, 2025. The total AUM (AMC, life insurance and health insurance) grew by 17% year-on-year to 5,11,260 crore as on March 31, 2025. The total premium (life insurance and health insurance) grew by 22% year-on-year to 25,579 crore in FY25.

The Company's omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company's D2C platform, ABCD offers a comprehensive portfolio of more than 25 products and services such as payments, loans, insurance, and investments. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with about 5.5 million customer acquisitions till date.

The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It has scaled up significantly with more than 2.2 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed 3,500 crore as of March 31, 2025.

The Company also continues to expand its physical footprint with a pan-India presence of 1,623 branches across all businesses as of March 31, 2025. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.

The Board of Directors of the Company and Aditya Birla Finance had approved the Scheme of Amalgamation of Aditya Birla Finance Limited, the Company's wholly owned subsidiary with itself. The amalgamation has been successfully completed following all requisite approvals. The appointed date of amalgamation is April 1, 2024 and effective date is April 1, 2025. The Company now has two business segments, the NBFC lending business and the investment business through which it will continue to hold investments in all its subsidiaries, JVs and associate businesses.

Highlights of NBFC business

Disbursements grew by 28% sequentially and 8% year-on-year to 19,523 crore in Q4 FY25

AUM grew by 6% sequentially and 20% year-on-year and to 1,26,351 crore

Loans to Retail, SME and HNI customers constitute 64% of the total portfolio

Profit before tax grew by 11% year-on-year to 877 crore in Q4 FY25 and 12% year-on-year to 3,360 crore in FY25

Return on assets was 2.25% in Q4 FY25 and 2.27% in FY25

Gross stage 2 and 3 ratio improved by 47 bps sequentially and 71 basis points year-on-year to 3.78%

Highlights of Housing Finance business

Disbursements grew by 98% year-on-year to 5,820 crore in Q4 FY25 and 109% year-on-year to 17,468 crore in FY25

AUM grew by 69% year-on-year and 16% sequentially to 31,053 crore

Profit before tax grew by 28% year-on-year to '121 crore in Q4 FY25 and 11% year-on-year to '419 crore in FY25

Return on assets was 1.44% in Q4 FY25 and 1.46% in FY25

Return on equity was 10.95% in Q4 FY25 and 11.03% in FY25

Gross stage 3 ratio improved by 33 bps sequentially and 116 basis points year-on-year to 0.66%

Highlights of Asset Management business

Mutual fund quarterly average assets under management (QAAUM) grew by 15% year-on-year to 3,81,724 crore in Q4 FY25, with equity mix at 44.3%

Equity QAAUM grew by 11% year-on-year to 1,69,065 crore in Q4 FY25

Individual monthly average assets under management grew by 6% year-on-year to 1,84,471 crore

Monthly systematic investment plan (SIP) flows grew by 5% year-on-year to 1,316 crore in March 2025

Operating profit grew by 20% year-on-year to 233 crore in Q4 FY25 and 31% year-on-year to 944 crore in FY25

Highlights of Life Insurance business

Individual First Year Premium (FYP) grew by 34% year-on-year to 4,115 crore in FY25

Group New Business Premium grew by 23% year-on-year to 5,586 crore in FY25

Market share in individual FYP increased by 68 basis points year-on-year to 4.84% in FY25

13th month persistency continued to be top quartile in industry at 88% in FY25

Value of new business (VNB) grew by 17% year-on-year to 818 core with Net VNB margin at 18.0% in FY25

Embedded value grew by 20% year-on-year to 13,812 crore as of March 31, 2025

AUM of life insurance business crossed 1 lakh crore in April 2025

Highlights of Health Insurance business

Gross written premium (GWP) grew by 33% year-on-year to 4,940 crore

Market share among standalone health insurers (SAHI) increased by 137 basis points year-on-year to 12.6%

Combined ratio improved to 105% from 110% in FY25

One of the fastest SAHI player to achieve break even with fastest growing player.

Aditya Birla Capital Limited (ABCL), at its board meeting held on 31 March 2025, has announced the successful completion of the amalgamation of its wholly owned NBFC subsidiary, Aditya Birla Finance Ltd. ('ABFL') with itself, vide the Order of Hon'ble National Company Law Tribunal ('NCLT'), Ahmedabad Bench, dated March 24, 2025. The Scheme of Amalgamation ('Scheme') is effective from April 01, 2025, and the appointed date for the Scheme was April 01, 2024.

The respective board of directors of ABCL and ABFL had approved the proposed scheme of amalgamation on March 11, 2024, and the process has been completed after receiving requisite approvals from shareholders, creditors, and regulatory / statutory authorities including the Stock Exchanges, Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI) and the National Company Law Tribunal (NCLT).

The Board of Directors has also approved the appointment of Ms. Vishakha Mulye as the MD & CEO and Mr. Rakesh Singh as the Executive Director and CEO (NBFC) of the amalgamated entity. These appointments are subject to regulatory and other requisite approvals.

In addition, the Board has approved the appointment of Mr. Nagesh Pinge and Mr. Sunil Srivastav as Independent Directors of the Company.

Commenting on the announcement, Mr. Kumar Mangalam Birla, Chairman Aditya Birla Group said, 'India has shown remarkable economic ascent in recent years, with financial services playing a pivotal role in driving this progress. In line with the nation's growth, Aditya Birla Capital has significantly expanded in scale and size, establishing itself as a core growth engine for the Aditya Birla Group. I am confident that the combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India's vast economic growth opportunities.'

Ms. Vishakha Mulye, CEO, Aditya Birla Capital said, 'The successful completion of this amalgamation marks a significant step in our transformative growth journey, increasing our strength and agility as a unified larger operating entity. With a simplified corporate structure, we now have better access to capital to drive operational synergies, long-term growth and enhanced value creation for all stakeholders. We remain focused on simplifying finance and providing comprehensive financial solutions that meet our customers' diverse needs, while paving the way for ABCL's next phase of growth.'

The rationale and benefits of the proposed amalgamation are as follows

Rationalization and simplification of group structure: The amalgamation has resulted in reduction of legal entities and simplification of the group structure of ABCL.

Improved financial stability: ABCL will be converted from a Core Investment Company to an operating NBFC, and this will create a unified larger entity with greater financial strength and flexibility enabling direct access to capital. This will also help the Company maximise its share of opportunities by efficient utilisation and allocation of capital.

Likely stakeholder value enhancement: The amalgamation has led to consolidation of businesses and operational synergies, resulting in expansion and long-term sustainable growth. This will enhance the value for various stakeholders of the Company.

Increased operational efficiency: The amalgamation has led to seamless implementation of policy changes and reduction in the multiplicity of legal and regulatory compliances.

As of December 31, 2024, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 5.03 Lakh Crore with a consolidated lending book of over Rs. 1.46 Lakh Crore and gross written premium of Rs. 16,942 Crore in Life and Health insurance businesses in 9M FY25. It reported a consolidated revenue of Rs. 28,376 Crore and a consolidated profit after tax of Rs. 2,468 Crore in 9M FY25. The Company has a pan-India presence with 1,482 branches across all businesses and more than 200,000 agents / channel partners along with several bank partners, as of December 31, 2024.

The consolidated revenue1 grew by 10% year-on-year to Rs. 10,949 crore in Q3 FY25. The consolidated profit after tax was Rs. 708 crore in Q3 FY25 compared to Rs. 736 crore in Q3 FY24. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 6% sequentially to Rs. 1,46,151 crore as on December 31, 2024. The total AUM (AMC, life insurance and health insurance) grew by 23% year-on-year to Rs. 5,03,377 crore as on December 31, 2024. The total premium (life insurance and health insurance) grew by 27% year-on-year to Rs. 16,942 crore in 9M FY25.

The Company's omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company's D2C platform, ABCD offers a comprehensive portfolio of more than 22 products and services such as payments, loans, insurance, and investments. Its unique feature of 'My Track' helps users track their personal finance, credit history and health. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with more than 4.1 million customer acquisitions till date. Aditya Birla Capital servicing app for existing customers was rolled out in December 2024. It has been built on a modular platform offering a unified and common servicing infrastructure across all businesses and has a single sign-on with ABCD app.

The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It continues to scale up quite well with more than 2.2 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed Rs. 3,300 crore.

The B2D digital integrated platform for channel partners, Stellar, went live in January. It offers them a consolidated 'one view' dashboard of their business. It helps them to manage their leads and track them till conversion and enables them to grow their business volumes. It will help the Company to increase the product penetration among existing customers.

The Company has a pan-India presence of 1,482 branches across all businesses as of December 31, 2024. The Company is focused on capturing white spaces and driving penetration into tier 3 and tier 4 towns and new customer segments.

About Hindalco Industries Limited

Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. A $28 billion metals powerhouse, Hindalco is the world's largest aluminium company by revenues, and a major player in copper serving more than half of India's copper requirement.

Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants and aluminium smelting to downstream rolling, extrusions, and foils. Along with its subsidiary Novelis, Hindalco is the global leader in flat rolled products and the world's largest recycler of aluminium.

Hindalco's copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty. The copper smelter is among the world's largest custom smelters at a single location.

Hindalco's global footprint spans 52 manufacturing units across 10 countries. Hindalco was named the world's most sustainable aluminium company in the Dow Jones Sustainability Indices (DJSI) in 2020, 2021 and 2022.

Contact:

Web: www.hindalco.com

Email: hindalco@adityabirla.com

Disclaimer

Statements in this 'Media Release' describing the company's objectives, projections, estimates, expectations or predictions may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company's operations include global and Indian demand supply conditions, finished goods prices, feed stock availability and prices, cyclical demand and pricing in the company's principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the company conducts business and other factors such as litigation and labour negotiations. The company assume no responsibility to publicly amend, modify or revise any forward-looking statement, on the basis of any subsequent development, information or events, or otherwise.

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