Mumbai - Aditya Birla Capital Limited ('Company') announced its audited financial results for the quarter and year ended 31st March, 2020.
Consolidated Revenue of the Company grew 9% year on year to Rs. 18,028 Crores. The Company through its subsidiaries continued its consistent profit delivery through its diversified business model. The consolidated profit after tax (after minority interest) reflected a growth of 6% year on year to Rs. 920 Crores.
Aditya Birla Capital's retailisation strategy has led to the active customer base growing to 20 Million. The overall AUM across asset management, life insurance and health insurance was over Rs. 3,00,000 Crores. The overall lending book (NBFC and Housing Finance) stood at just under Rs. 60,000 Crores. The gross premium (across Life and Health Insurance) grew to Rs. 8,882 Crores. The Company raised Rs. 2,100 Crore of equity capital in September 2019 through a preferential allotment to the Promoter/Promoter group and marquee investors.
About Aditya Birla Capital Ltd.
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to diverse needs of its customers across their life cycle. Powered with more than 21,000 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 2,00,000 agents/channel partners and several bank partners.
Aditya Birla Capital is a part of the Aditya Birla Group, a USD 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 36 countries across the globe.
Certain statements in this 'Media Release' may not be based on historical information or facts and may be 'forward looking statements' within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans & strategy of the Company, its future outlook & growth prospects, future developments in its businesses, its competitive & regulatory environment and management's current views & assumptions which may not remain constant due to risks and uncertainties. Actual results could differ materially from those expressed or implied. The Company assumes no responsibility to publicly amend, modify or revise any statement, on the basis of any subsequent development, information or events, or otherwise. This 'Press Release' does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Company's shares. The financial results are consolidated financials unless otherwise specified.
Mr. Sandeep Gurumurthi
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