Q2 2025 Aditya Birla Capital Ltd Earnings Call Transcript
Key Points
- Aditya Birla Capital Ltd (NSE:ABCAPITAL) reported a consolidated profit after tax growth of 18% year on year, excluding one-off items, and 12% sequentially to INR 834 crore.
- The company's total consolidated revenue grew by 34% year on year to INR 11,804 crore.
- The NBFC portfolio grew by 23% year on year and 7% sequentially, with business loans to SMEs growing by 39% year on year.
- The mutual fund average AUM grew by 23% year on year and 9% sequentially to about INR 3.8 trillion.
- The health insurance business saw a 39% year on year growth in gross underwritten premium, maintaining its position as the fastest-growing standalone health insurer.
- The new surrender guidelines in the life insurance business are expected to impact VNB margins, necessitating realignment of commission structures.
- The unsecured personal and consumer loans segment faced tightened underwriting norms, impacting growth.
- The company's net interest margin in the NBFC business saw a decline due to a shift towards more secured lending.
- The asset quality improvement in the NBFC business may face challenges due to the current volatile market environment.
- The life insurance business reported a VNB margin of 7.4% in H1 FY25, which is below the projected guidance levels of 17% to 18%.
Ladies and gentlemen, good day. And welcome to the Aditya Birla Capital Limited, Q2 FY25 earnings call as a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Miss Vishaka, CEO Aditya Birla Capital Limited. Thank you and over to you.
Good evening, everyone and welcome to the earning call of Aditya Birla Capital for Q2 of FY 2025. Joining me today are senior members of my team, Bala Rakesh Tushar, Ankush Kamlesh Mayan, Pinky, Vijay Ramesh and Santa. I will cover our strategy and business performance and Vijay will cover key financial highlights followed by a discussion on performance of our key businesses by our business CEO S. The indian economy has
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