Aditya Birla Capital Soars with 33% Profit Jump in December Quarter

Aditya Birla Capital, the financial services arm of the Aditya Birla Group, reported a substantial 33% jump in consolidated profit to Rs 945 crore for the December quarter, reflecting robust performance across its business segments.

The non-banking financial company's net interest income rose significantly to Rs 2,113 crore, driven by a 24% increase in assets under management. The net interest margin widened, including fees, to 6.12% from 6% the previous year, showcasing strategic financial growth.

Aditya Birla Capital also announced a Rs 2,750-crore capital infusion into its housing finance division from Advent International. The company's share price rose by 3.71% on the BSE, outperforming the benchmark, which improved by 2.54%.