{"id":140888,"date":"2023-02-10T06:00:59","date_gmt":"2023-02-10T11:00:59","guid":{"rendered":"https:\/\/44.250.171.167\/?p=140888"},"modified":"2023-02-10T06:01:00","modified_gmt":"2023-02-10T11:01:00","slug":"aditya-birla-capital-ltd-nse-abcapital-q3-fy23-results-out-total-income-rises-31-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/aditya-birla-capital-ltd-nse-abcapital-q3-fy23-results-out-total-income-rises-31-yoy\/","title":{"rendered":"Aditya Birla Capital Ltd.(NSE: ABCAPITAL): Q3 FY23 Results Out; Total Income Rises 31% YoY"},"content":{"rendered":"\n

Aditya Birla Capital Limited (NSE: ABCAPITAL)<\/a>, a leading financial services provider, announced its Q3FY23 results and reported strong growth across its various business segments. The company’s consolidated revenue grew by 31% YoY to Rs 7,699 crore, driven by an increase in lending operations and insurance business. The loan book of the company improved by 40% YoY to Rs 85,869 crore, while gross premium from life and health insurance business increased by 22% to Rs 4,328 crore.<\/p>\n\n\n\n

The net interest margin (NIM) of the NBFC business expanded by 41 basis points sequentially and 77 basis points YoY to 7% as of December 31st, 2022. However, the cost of borrowing increased to 7.10% in Q3FY23, compared to 6.74% in the previous quarter. The company’s NBFC operations saw a decline in gross stage 3 assets by 156 basis points sequentially and 491 basis points YoY to 6.49% as of December 31st, 2022. <\/p>\n\n\n\n

The housing finance business of the company recorded a 25% YoY improvement in disbursements to Rs 1,387 crore and had a total loan book of Rs 12,874 crore. The mutual fund business had an average AUM of Rs 2.8 trillion in Q3FY23.<\/p>\n\n\n\n

Aditya Birla Capital added approximately 1.4 million customers during the quarter, with a focus on granular growth across all businesses, and now has a total active customer base of approximately 43 million. The company launched a comprehensive B2B platform for the MSME ecosystem, which will provide lending and value-added services to help MSMEs manage and grow their business. <\/p>\n\n\n\n

The company has also embarked on creating an omnichannel D2C platform to serve existing customers and acquire new customers in a seamless manner and has approved the formation of a separate wholly-owned subsidiary for this purpose. The consolidated PAT (excluding fair value and stake sale gains) grew by 27% YoY to Rs 530 crore, reflecting the company’s strong performance during the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aditya Birla Capital Limited (NSE: ABCAPITAL), a leading financial services provider, announced its Q3FY23 results and reported strong growth across its various business segments. The company’s consolidated revenue grew by 31% YoY to Rs 7,699 crore, driven by an increase in lending operations and insurance business. The loan book of the company improved by 40% […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1],"tags":[9708],"class_list":["post-140888","post","type-post","status-publish","format-standard","hentry","category-earnings","category-finance-stocks","tag-nbfc"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145933,"url":"https:\/\/alphastreet.com\/india\/earnings-aditya-birla-capital-limited-nse-abcapital-q4fy23-results-out-total-income-rises-21-yoy\/","url_meta":{"origin":140888,"position":0},"title":"Earnings | Aditya Birla Capital Limited (NSE: ABCAPITAL): Q4FY23 Results Out; Total Income rises 21% YoY.","author":"Divyansh_Kasana","date":"May 12, 2023","format":false,"excerpt":"Aditya Birla Capital Limited is a holding company that oversees the financial services businesses of the Aditya Birla Group. 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