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Aditya Birla Capital Q1 net profit down 27 at Rs

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Aditya Birla Capital on Friday reported practically 27 per cent fall in consolidated internet revenue at Rs 198 crore for June quarter, 2020-21. The holding firm of the monetary providers companies of the Aditya Birla group had a revenue of Rs 270 crore within the year-ago identical interval.

The income grew 9 per cent year-on- 12 months to Rs 4,293 crore throughout April-June 2020-21, Aditya Birla Capital Ltd (ABCL) stated in a launch.

ABCL stated the revenue throughout April-June was larger than Rs 144 crore within the previous March quarter and it offered Rs 62 crore as COVID-19 provisions on its lending companies in the course of the interval below evaluate.

“With 91 per cent of its branches operational with strict well being protocols, the corporate appeared to normalise its operations by way of Q1FY21,” it added.

Total lending guide (NBFC and Housing Finance) stood at Rs 58,073 crore as on June 30, 2020.

The corporate is engaged in lending by way of NBFC and housing finance. It additionally has presence in life and medical health insurance section and in addition caters to asset administration providers, amongst others.

ABCL inventory settled at Rs 59.10 on BSE, up 1.63 per cent from the earlier shut.

First Revealed on Aug 7, 2020 08:07 pm

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