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Aditya Birla Capital which is the economic solutions arm of the Aditya Birla group had posted a net profit of Rs 169.45 crore in the year ago period.

 PTI        Final Updated: May five, 2019  | 08:12 IST

Aditya Birla Capital Saturday posted a 52 per cent development in its March quarter net at Rs 258.40 crore on a consolidated basis.

The Aditya Birla group’s economic solutions arm had posted a net profit of Rs 169.45 crore in the year ago period.

For the fiscal year ended March 31, the corporation posted a 25 per cent development in net profit at Rs 870.94 crore.

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Its total revenue for the reporting quarter grew to Rs four,730.80 crore from the Rs three,578.44 crore, it informed the stock exchanges.

Amongst the a number of segments that it operates in, the Non Banking Finance Firm posted a profit ahead of tax of Rs 352.70 crore against Rs 280.77 crore housing arm’s PBT shot up to Rs 40.36 crore from Rs 12.77 crore, though the exact same for asset management corporation grew to Rs 180.21 crore from Rs 151.26 crore.

Also Study:Aditya Birla Capital Q2 net down 13% at Rs 195 crore

The all round lending book grew 23 per cent in the course of the year and regardless of adverse liquidity circumstances, the business enterprise was in a position to raise Rs 11,000 crore in extended term funds in the course of the second half of the fiscal, the corporation mentioned.

On the insurance coverage side, the total gross premium for life and basic side grew 30 per cent to Rs eight,008 crore, though the total assets below management for the AMC stood at Rs two.65 lakh crore.

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