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Aditya Birla Capital Limited ("The Company") announced its unaudited financial results for the quarter ended June 30, 2024.
The consolidated profit after tax, excluding one-off items, grew 15% year-on-year to 745 crore. The consolidated revenue1.2 grew by 26% year-on-year to 10,258 crore. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year to 1,27,705 crore as on June 30, 2024. The total AUM (AMC, life insurance and health insurance) grew by 20% year-on-year to 4,62,891 crore. The total premium (life insurance and health insurance) grew by 30% year-on-year to 5,027 cro??.

The Company's omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. During the quarter, the Company commercially launched its D2C platform, ABCD which offers a comprehensive portfolio of more than 20 products and services such as payments, loans, insurance, and investments. Its unique feature of 'My Track' helps users track their personal finance, credit history and health. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with about 8 lakh registrations till date.

The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It continues to scale up quite well with more than 10 lakh registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed 2,600 crore.
The Company has a pan-India presence of 1,505 branches across all businesses as of June 30, 2024 The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments

Highlights of NBFC busines

* AUM grew by 25% year-on-year to 1,07,306 0000
* Loans to Retail SME and HN customers constitute 60% of the total portfolio
* Profit before tax grew by 21% year-on-year to 833 crome
* Retum on assets was at 2.41%
* Return on equity grew by 29 basis points sequentially to 16.13%
* Gross stage 2 and 3 catio improved by 4 basis points sequentially and 101 basis points year on-year to 4.45%

Highlights of Housing Finance business

* Disbursements grew by 80% year-on-year to 3,088
* AUM grew by 11% sequentially and 41% year-on-year to 20,399 croce
* Profit before tax was 85 crore
* Return on assets was 1.44% and return on equity was 11.04%
* Gross stage 2 and 3 ratio improved by 27 basis points sequentially and 254. basis points year on-year to 2.64%

Highlights of Accet Management busines

* Mutual fund quarterly average assets under management (QAAUM) grew by % sequentially and 19% year-on-year to 3,52,542 ccare with equity mix at -46%
* Equity QAALUM grew by 37% year-on-year to 1,62,129
* Individual monthly average assets under management grew by 24% year-on-year to 1,85,681 00000
* Monthly systematic investment plan (SIP) flows grew by 30% year-on-year to 1,367 cmce in June 2024
* Protit before tax grew by 27% year-on-year to 305

Highlights of Life Insurance business

* Individual First Year Premium (FYF) grew by 19% year-on-year to 644 cm
* Group mene biasiness premium grew by 41% year-on-year to 1,498 crome
* Renewal premium grew 17% year-on-year to 1.881
* 13 month persistency continued to improve at 88% in June 2024 (June 2023: 87%)
* 61 month persistency was strong at 66% in June 2024 (June 2023: 57%)
* Net VNB margin was 6.50%

Highlights of Health Insurance business

* Gross written premium (GWP) grew by 35% year-on-year to Rs.1.041 crore. with Retail premium growth at 51% year-on-year
* Market share among standalone health insurers (SAHI) increased by 92 basis points year-on- year to 12.5%
* Combined ratio improved to 112% from 118% in Q1 FY24
 

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