Aditya Birla Capital has posted 10% increase in net profit to Rs 835.08 crore in Q1FY2026 over Q1FY2025. The income from operation increased 10% to Rs 9502.69 crore in Q1FY2026.
The revenue from NBFC increased 13% to Rs 4003.52 crore and Life Insurance 2% to Rs 4501.06 crore, while the revenue from Health Insurance moved up 31% to Rs 1291.73 crore, and Housing Finance 65% to Rs 893.48 crore. The revenue from Asset Management also jumped 17% to Rs 564.58 crore. However, the revenue from Stock & Securities Broking declined 6% to Rs 112.71 crore, and Other Financial Services dipped 49% to Rs 50.64 crore in Q1FY2026. The PBT from NBFC increased 11% to Rs 925.49 crore and Asset Management 22% to Rs 372.28 crore, while the PBT from Housing Finance moved up 82% to Rs 154.10 crore and Life Insurance 80% to Rs 38.64 crore in Q1FY2026. The PBT from Stock & Securities Broking declined 8% to Rs 20.56 crore, while Other Financial Services segment posted PBT loss of Rs 67.81 crore and Health Insurance also posted PBT loss of Rs 37.16 crore in Q1FY2026. Overall OPM jumped to 40.52% in Q1FY2026 from 36.95% in Q1FY2025, as other expenditure as a percentage of net sales dipped to 49.78% from 53.78%. However, the provisions rose to 4.51% from 4.36% in Q1FY2025. The staff cost as a percentage of net sales also moved up to 5.19% from 4.91% in Q1FY2025. Interest cost increased 22% to Rs 2736.19 crore. Depreciation was up 31% to Rs 71.29 crore. PBT increased 10% to Rs 1071.01 crore in the quarter ended June 2025. The effective tax rate increased to 30.6% from 29.2%. There was loss attributable to non-controlling interest of Rs 15.69 crore in Q1FY2026 compared with Rs 20.4 in Q1FY2025. The share of profit from associates jumped 32% to Rs 107.38 crore. Net Profit, increased 10% to Rs 835.08 crore in the quarter ended June 2025.Book value of the company stood at Rs 119.6 per share, while adjusted book value (net of Net Stage 3 assets and 10% of restructured loans) stood at 112.5 per share end June 2025.
Business highlights
The overall lending portfolio (NBFC and HFC) grew by 30% yoy and 5% sequentially to Rs 165832 crore at end June 2025. The total AUM (AMC, life insurance and health insurance) grew by 20% yoy to Rs 553504 crore at end June 2025. The life insurance individual first year premium grew by 23% yoy to Rs 795 crore and health insurance gross written premium grew by 30% yoy to Rs 1357 crore. The Company's D2C platform, ABCD offers a comprehensive portfolio of more than 25 products and services such as payments, loans, insurance, and investments. The platform has witnessed a strong response with about 6.4 million customer acquisitions till date. The Company also continues to expand its pan-India network with 67 new branches added taking the total branch count across all businesses to Rs 1690 at end June 2025.NBFC business
Disbursements grew by 18% yoy to Rs 15851 crore. AUM grew by 22% yoy and 4% sequentially to Rs 131227 crore. Profit before tax grew by 11% yoy and 5% sequentially to Rs 925 crore Return on assets was 2.25% Gross stage 2 and 3 ratio improved by 75 bps yoy and 8 bps sequentially to 3.70%Housing Finance business
Disbursements grew by 76% yoy to Rs 5404 crore. AUM grew by 70% yoy and 11% sequentially to Rs 34605 crore. Profit before tax grew by 82% yoy and 27% sequentially to Rs 154 crore Return on assets increased by 15 bps sequentially to 1.59% Return on equity increased by 132 bps sequentially to 12.27% Gross stage 2 and 3 ratio improved by 5 bps sequentially and 129 bps yoy to 1.34%Asset Management business
Mutual fund quarterly average assets under management grew by 14% yoy to Rs 403479 crore with equity mix at 44.7% Equity QAAUM grew by 11% yoy to Rs 180184 crore Individual monthly average assets under management grew by 10% yoy to Rs 203813 crore Monthly systematic investment plan (SIP) flows grew by 4% yoy to Rs 1140 crore in June, 2025 Operating profit grew by 21% yoy to Rs 254 croreLife Insurance business
Individual First Year Premium (FYP) grew by 23% yoy to Rs 795 crore Market share in individual FYP increased by 60 bps yoy to 5.1% Renewal premium grew by 18% yoy to Rs 1978 crore 13th month persistency: continued to be top quartile in industry at 87% Net value of new business (VNB) margin increased by 109 bps to 7.5% Absolute net VNB grew by 27% yoy to Rs 66 coreHealth Insurance business
Gross written premium (GWP) grew by 30% yoy to Rs 1357 crore Standalone health insurer (SAHI) market share increased by 200 bps yoy to 14.5% Combined ratio improved to 111% (Q1 FY25: 112%)Financial Performance FY2025
For the year ended March 2024 (FY2025), the consolidated net revenue of the company increased 21% to Rs 40360.07 crore. The revenue in NBFC segment moved up 16% to Rs 14788.96 crore, Housing Finance 45% to Rs 2655.18 crore, Life Insurance 21% to Rs 22052.18 crore and Asset Management 21% to Rs 1982.29 crore. Further, the revenues from Stock & Securities Broking increased 15% to Rs 453.14 crore and Health Insurance 34% to Rs 4635.28 crore. The revenue from Other Financial Services declined -3% to Rs 859.85 crore in FY2025 over FY2024. The interest cost increased 27% to Rs 9694.18 crore, while depreciation moved up 31% to Rs 246.20 crore, while PBT jumped 12% to Rs 4224.13 crore in FY2025. The effective tax rate moved up to 32.80% in FY2025 from 26.44% in FY2024. Net Profit after non-controlling interest was flat yoy at Rs 3332.32 crore in FY2025.| Aditya Birla Capital: Consolidated Results | ||||||
| Particulars | 2506 (3) | 2406 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Income from Operations | 9502.69 | 8656.47 | 10 | 40360.07 | 33454.41 | 21 |
| OPM (%) | 40.52 | 36.95 | 34.69 | 34.31 | ||
| OP | 3850.37 | 3198.94 | 20 | 14002.74 | 11476.84 | 22 |
| Other Income | 28.12 | 69.22 | -59 | 161.77 | 103.60 | 56 |
| PBDIT | 3878.49 | 3268.16 | 19 | 14164.51 | 11580.44 | 22 |
| Interest (Net) | 2736.19 | 2243.89 | 22 | 9694.18 | 7616.87 | 27 |
| PBDT | 1142.30 | 1024.27 | 12 | 4470.33 | 3963.57 | 13 |
| Depreciation / Amortization | 71.29 | 54.36 | 31 | 246.20 | 188.37 | 31 |
| PBT before EO | 1071.01 | 969.91 | 10 | 4224.13 | 3775.20 | 12 |
| EO | 0.00 | 16.13 | - | 229.91 | 486.43 | -53 |
| PBT after EO | 1071.01 | 986.04 | 9 | 4454.04 | 4261.63 | 5 |
| Tax Expenses | 327.62 | 288.00 | 14 | 1460.95 | 1126.65 | 30 |
| PAT | 743.39 | 698.04 | 6 | 2993.09 | 3134.98 | -5 |
| Profit attributable to non-controlling interest | 15.69 | 20.40 | -23 | 77.57 | 103.91 | -25 |
| Share of profit/loss of Associate | 107.38 | 81.20 | 32 | 416.80 | 303.91 | 37 |
| Net Profit after minority and share in associate | 835.08 | 758.84 | 10 | 3332.32 | 3334.98 | 0 |
| EPS * | 12.8 | 11.5 | 12.1 | 12.0 | ||
| Equity | 2610.2 | 2602.1 | 2607.0 | 2600.0 | ||
| Adj BV (Rs) | 112.5 | 99.9 | 110.2 | 97.1 | ||
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs crore, PL: Profit to Loss, LP: Loss to Profit | ||||||
| Source: Capitaline Corporate Database | ||||||
| Aditya Birla Capital: Segment Results | ||||||||
| Particulars | (%) of Total | 2506 (3) | 2406 (3) | Var (%) | (%) of Total | 2503 (12) | 2403 (12) | Var (%) |
| Segment Revenue | ||||||||
| NBFC | 35 | 4003.52 | 3554.70 | 13 | 31 | 14788.96 | 12702.22 | 16 |
| Housing Finance | 8 | 893.48 | 540.49 | 65 | 6 | 2655.18 | 1834.60 | 45 |
| Life Insurance | 39 | 4501.06 | 4399.40 | 2 | 46 | 22052.18 | 18254.09 | 21 |
| Asset Management | 5 | 564.58 | 480.80 | 17 | 4 | 1982.29 | 1634.10 | 21 |
| General Insurance Broking | 0 | 0.00 | 159.83 | - | 1 | 264.36 | 564.70 | -53 |
| Stock & Securities Broking | 1 | 112.71 | 119.41 | -6 | 1 | 453.14 | 394.37 | 15 |
| Health Insurance | 11 | 1291.73 | 982.50 | 31 | 10 | 4635.28 | 3459.18 | 34 |
| Other Financial Services | 0 | 50.64 | 98.96 | -49 | 2 | 859.85 | 890.07 | -3 |
| Total Segmental Revenue | 100 | 11417.72 | 10336.09 | 10 | 100 | 47691.24 | 39733.33 | 20 |
| Less: Inter Segment Revenue | -85.18 | -62.19 | 37 | -322.55 | -197.04 | 64 | ||
| Total Segment Revenue from Operations (Net) | 99 | 11332.54 | 10273.90 | 10 |
| 47368.69 | 39536.29 | 20 |
| Segment Results (Profit Before Tax) | ||||||||
| NBFC | 66 | 925.49 | 832.92 | 11 | 59 | 3359.61 | 2987.07 | 12 |
| Housing Finance | 11 | 154.10 | 84.77 | 82 | 7 | 419.45 | 376.46 | 11 |
| Life Insurance | 3 | 38.64 | 21.49 | 80 | 3 | 158.40 | 197.61 | -20 |
| Asset Management | 26 | 372.28 | 304.51 | 22 | 22 | 1244.54 | 1008.15 | 23 |
| General Insurance Broking | 0 | 0.00 | 29.59 | - | 1 | 36.96 | 67.43 | -45 |
| Stock & Securities Broking | 1 | 20.56 | 22.33 | -8 | 2 | 101.65 | 68.93 | 47 |
| Health Insurance | -3 | -37.16 | -54.03 | -31 | 0 | -3.07 | -186.99 | -98 |
| Other Financial Services | -5 | -67.81 | 2.13 | PL | 7 | 387.42 | 581.33 | -33 |
| Total Segment Results | 100 | 1406.10 | 1243.71 | 13 | 100 | 5704.96 | 5099.99 | 12 |
| Capital employed | ||||||||
| NBFC | 55 | 18568.34 | 15650.03 | 19 | 51 | 17887.80 | 15067.28 | 19 |
| Housing Finance | 12 | 4148.11 | 2598.96 | 60 | 11 | 3766.25 | 2206.95 | 71 |
| Life Insurance | 13 | 4335.49 | 3813.73 | 14 | 12 | 4243.19 | 3804.07 | 12 |
| Asset Management | 12 | 4106.31 | 3471.04 | 18 | 11 | 3792.37 | 3216.02 | 18 |
| General Insurance Broking | 0 | 0.00 | 186.81 | - | 0 | 0.00 | ||