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Aditya Birla Capital Limited (“The Company”) announced its audited financial results for the quarter and year ended March 31, 2024.

The consolidated revenue1 of the Company grew by 32% year-on-year to 12,079 Crore in Q4 FY24 and 30% year-on-year to 39,050 Crore in FY24. The consolidated profit after tax, excluding one-off items, grew 33% year-on-year to 812 Crore in Q4 FY24 and 41% year on year to 2,902 Crore in FY24.

The strong momentum across businesses led to a 31% year-on-year and 8% sequential growth in the overall lending portfolio (NBFC and HFC) to 1,24,059 Crore as on March 31, 2024.The total AUM (AMC, life insurance and health insurance) grew by 21% year-on-year to 4,36,442 Crore. The total premium (life insurance and health insurance) grew by 18% year-on-year to ` 20,961 crore in FY24.

The Company follows an omnichannel architecture for distribution, with customer-centricity as a key element. The Company’s D2C platform, ABCD, which has been built in a record time of 12 months, went live about a month ago. It offers a comprehensive portfolio of 22 products and services such as payments, loans, insurance, and investments along with comprehensive personal finance tracking such as ‘My Track’. The Company has witnessed a robust response for ABCD with more than 1 lakh registrations till date

The Company continues to expand its footprint in MSME segment through its comprehensive B2B platform, Udyog Plus, which has seen more than 8 lakh registrations till date. It offers paperless digital journey for business loans and loan disbursement of up to 10 lakh. Udyog Plus has clocked disbursements of ~ 500 Crore till date with ABG ecosystem contributing about two-thirds of the business. The total AUM of Udyog Plus has reached ~ ` 250 crore till date.

The Company also continues to expand its physical footprint with a pan-India presence of 1,474 branches across all businesses as of March 31, 2024. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.

During Q4 FY24, Aditya Birla Capital and Sunlife sold about 5% and 6.5% stake in ABSL AMC respectively through an offer for sale with the objective of meeting the minimum public shareholding requirement by October 2024, as required by SEBI regulation. The sale received an overwhelming response from investors across domestic and foreign funds. It helped Aditya Birla Capital to strengthen its balance sheet by enhancing the capital base by ~ 570 crore.

Key Highlights:

• Consolidated Revenue: Rs 12,079 Cr in Q4 FY24 (↑ 32% y-o-y) and Rs 39,050 Cr in FY24 (↑ 30% y-o-y)
• Consolidated PAT (excl. one-off items): Rs 812 Cr in Q4 FY24 (↑ 33% y-o-y) and Rs 2,902 Cr in FY24 (↑ 41% y-o-y)
• NBFC lending portfolio crossed Rs 1 lakh Cr (↑ 31% y-o-y)
• ABCL sold ~5% stake in ABSLAMC in Mar’24: Strengthened balance sheet & enhanced capital base by ~Rs 570 Cr; removed overhang on ABSLAMC stock.

Other Highlights:

• Overall lending portfolio (NBFC and HFC): Rs 1.24 lakh Cr (↑ 31% y-o-y)
• Mutual fund quarterly average AUM: Rs 3.32 lakh Cr (↑ 21 % y-o-y)
• Total premium (life and health insurance): Rs 20,961 Cr in FY24 (↑ 18% y-o-y)
• Udyog Plus, B2B platform for MSMEs reached ~ Rs 250 Cr AUM till date
• ABCD, omnichannel D2C platform, has crossed 1 lakh+ registrations till date.

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