ADITYA BIRLA CAPITAL LIMITED Highlights:
Resilience across businesses despite lockdown, with focus on balanced growth, liquidity, technology enhanced processes and cost control
91% of overall
Consolidated Net Profit at
Consolidated Revenue:
Consolidated Results
(Rs. in crores)
Particulars Quarter 1 FY 20 Quarter 4 FY 20 Quarter 1 FY 21
Revenue1 3,943 5,094 4,293
Profit after Tax (after minority interest) 270 144 198
The Consolidated Revenue of the Company grew 9 per cent year on year to
With 91 per cent of its branches operational with strict health protocols, the company looked to normalise its operations through Q1 FY21. The Company will continue to monitor developments in the market as lockdowns get lifted. Aggregated2 operating expenses (excluding volume linked and
1
2
The performance highlights of the key subsidiaries of
Lending:
Overall lending book (NBFC and Housing Finance) stood at
Maintained Core operating profit in NBFC and Housing Finance despite slow recovery under lockdown
Lending book is backed by well-matched asset and liability mix with adequate liquidity
Raised over
Continue to have strong focus on quality of book with reduced ticket sizes across the board
NBFC business:
Loan book at
Maintained Core operating profit with pre- provision operating profit at
Additional COVID related provisions of
Cost to income ratio reduced by 223 bps from 33.5 per cent in Q4 FY20 to 31.3 per cent in Q1 FY21
The Net profit after tax stood at
Housing Finance business
Loan book at
Net interest margins expanded by 29 bps to 3.27 per cent over previous year
Maintained core operating profit with pre provision operating profit at
Additional COVID related provisions of
Strong drive towards technology deployment to drive sales and customer engagement with 85 per cent of sourcing digital in July '20
The Net profit after tax for the quarter stood at
Asset Management
Overall closing assets under management grew by 8 per cent to
Closing equity AUM grew by 19 per cent to
Keeping its continued focus on building retail customer franchise, the retail AAUM grew by 12 per cent over the last quarter; while the SIP AUM increased by 27 per cent, quarter on quarter
Maintained profitability with Profit before tax/AAUM at 24 bps vis-a-vis 22 bps in Q4 FY20
Digital transactions account for 94 per cent of overall transactions as compared to 81 per cent in previous quarter
Insurance:
Total gross premium of life insurance and health insurance grew 38 per cent year on year to
Life Insurance business
Individual First Year Premium (FYP) grew 5 per cent year on year to
Consistent improvement in quality with 13th month persistency by 200 bps, year on year, to 81 per cent, from 79 per cent
Strong focus on digital with 96 per cent individual business sourced digitally
Maintained gross margin at 33.1 per cent despite falling interest rate scenario
Sharp reduction in Opex to premium ratio, year on year, from 23.1 per cent to 16.3 per cent
Gross written premium at
Covering 8.9 million lives out of which over 5 million lives covered through micro and byte size products
Business continues to build scale with significant improvement in combined ratio at 132 per cent vs. 146 per cent in the previous year
Robust digital enablement with 98 per cent digital issuance in Q1 FY21 vs. 93 per cent in FY20 and digital renewals at 92 per cent vs. 65 per cent in previous year
Other businesses
Profit before tax grew 64 per cent year on year to
ARC platform continues to scale up with AUM at
About
Disclaimer: 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 figures in this 'Press Release' have been rounded off to the nearest
Corporate Identity Number L67120GJ2007PLC058890
Regd. Office: Indian Rayon Compound, Veraval 362 266 (
Corporate Office: One Indiabulls Centre, Tower 1, 18th Floor, Jupiter Mills Compound,
841, Senapati Bapat Marg,
Follow us at : www.adityabirlacapital.com / www.twitter.com/abcapital
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