Aditya Birla Capital Q1 Results Revenue ₹8,679.09 Cr (Down 15.84% QoQ, Up 23.82% YoY)

Aditya Birla Capital Quarter Change

Aditya Birla Capital Q1 Results: Aditya Birla Capital reported its financial performance with several key figures in the first quarter of 2024. Their total revenue increased to ₹8,679.09 crore, which is 23.82% higher compared to the same quarter last year, but it decreased by 15.84% from the previous quarter. The company's selling, general, and administrative expenses were ₹433.86 crore, which was a slight increase of 22.23% from a year ago but a small drop of 1.04% from the last quarter. 

Aditya Birla Capital’s depreciation and amortization expenses rose to ₹55.44 crore, up by 29.53% year-over-year, and also up by 3.63% from the previous quarter. Other operating expenses fell by 27.17% from the previous quarter to ₹4,654.21 crore, but were 22.89% higher than the same quarter last year.

Aditya Birla Capital’s total operating expenses dropped by 23.44% from the previous quarter to ₹5,644.15 crore, which was 24.52% higher compared to a year ago. Operating income, which is the profit from core operations, increased to ₹3,034.94 crore, up 22.55% year-over-year and 3.24% from the last quarter. Net income before taxes was ₹1,074.33 crore, showing a 17.86% increase from last year but a significant decrease of 33.36% from the previous quarter. 

Net income, which is the final profit after taxes, stood at ₹758.84 crore, up 16.97% from the same quarter last year but down by 39.07% from the previous quarter. The diluted normalized earnings per share (EPS) were ₹3.97, which is a 10.78% increase from the same quarter last year but a 31.59% decrease from the last quarter.

Here’s a simple summary of Aditya Birla Capital's Q1 results:

Source: Here 

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Aditya Birla Capital Q1 Results 

Aditya Birla Capital reported various financial metrics for the quarter ended 30 June 2024. Their total revenue from operations was ₹8,832.43 crore, which is lower than ₹10,939.96 crore from the same period last year.

This decline was mainly due to reduced income from investments and lower fees and commissions. Despite this, the company's other income increased to ₹48.87 crore from ₹23.66 crore in the previous year. Total income for the quarter was ₹8,881.30 crore, a decrease compared to ₹10,963.62 crore in the prior year.

Aditya Birla Capital’s Total expenses for the quarter amounted to ₹7,888.17 crore, up from ₹9,494.19 crore the previous year. Major expenses included finance costs and policyholder expenses related to life insurance operations. The company's profit before tax was ₹1,074.33 crore, down from ₹1,612.14 crore a year ago.

After accounting for tax expenses of ₹295.09 crore, the profit after tax for the quarter was ₹779.24 crore, compared to ₹1,288.11 crore in the previous year. Total comprehensive income for the quarter was ₹778.38 crore.

Here’s the financial results data table:

Aditya Birla Capital Financial Overview

Aditya Birla Capital's financial table provides key information about the company's stock and financial health. The Market Cap is ₹57,053 Crores, showing the total value of all its shares combined. The Current Price of each share is ₹219. 

Here’s the information in a table format:

Quartely Results 

Aditya Birla Capital is a major financial services company based in India. It is part of the Aditya Birla Group, one of the largest conglomerates in the country. The company offers a wide range of financial products and services, including insurance, asset management, lending, and wealth management.

Here is the financial data for December 2023, March 2024, and June 2024:

About Aditya Birla Capital

Aditya Birla Capital is a major company in India that provides a wide range of financial services. It is part of the Aditya Birla Group, which is a large global company. ABCL offers services like loans, investments, insurance, and payment solutions to meet various customer needs throughout their lives. 

Aditya Birla Capital is supported by more than 50,000 employees and has a strong presence across India with over 1,500 branches and more than 200,000 agents and channel partners. It also collaborates with several banks to enhance its services.

As of June 30, 2024, Aditya Birla Capital manages assets worth ₹4.63 Lakh Crore and has a lending book totaling ₹1.27 Lakh Crore through its subsidiaries and joint ventures. The Aditya Birla Group, which ABCL is part of, is a significant global player with a revenue of US$66 billion.

 The Group operates in over 40 countries and is involved in various industries, including metals, cement, fashion, financial services, textiles, and trading. Over 50% of the Group’s revenue comes from international markets. The Aditya Birla Group is known for its responsible business practices and has a long history of creating value for its stakeholders.