Q1 2025 Aditya Birla Capital Ltd Earnings Call Transcript
Key Points
- Consolidated profit after tax grew by 15% year-on-year to INR745 crores.
- Total consolidated revenue increased by 26% year-on-year to INR10,258 crores.
- NBFC portfolio grew by 25% year-on-year, with a focus on SME segment showing a 39% growth.
- Mutual fund average AUM grew by 19% year-on-year, crossing INR3.5 trillion.
- Health insurance business saw a robust growth of 35% year-on-year in gross written premium.
- Personal loan portfolio saw a decline due to recalibration of sourcing from digital partners.
- Individual first-year premium growth in life insurance was lower than industry growth due to muted growth with one banca partner.
- Net VNB margins in life insurance dropped to 6.5% from 11.8% last year.
- Stage 3 loans in the NBFC portfolio remained stable but high at 2.54%.
- Credit cost in the NBFC business was 1.43%, close to the upper limit of their guidance.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings conference call of Aditya Birla Capital Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Vishakha Mulye, CEO, Aditya Birla Capital Limited. Over to you, ma'am.
Thank you so much. Good evening, everyone, and welcome to the earnings call of Aditya Birla Capital for Q1 FY 2025. Joining me today are my senior members of my team, Bala, Rakesh, Tushar, Pankaj, Kamlesh, Mayank, Pinky, Vijay, Ramesh, and Sanchita.
I will cover our strategy and business performance, and Vijay will cover our key financial highlights, followed by a discussion on performance of our key businesses by our business CEOs. The Indian economy continues to remain resilient, showing strong fundamentals, financial stability and growth momentum.
Even in an unsettled global environment, the real GDP growth rate was 8.2% in FY24 and various factors such as improving
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