Q3 2026 Aditya Birla Capital Ltd Earnings Call Transcript
Key Points
- Consolidated profit after tax increased by 41% year on year and 15% sequentially to INR983 crore.
- Total consolidated revenue grew by 30% year on year and 14% sequentially to INR14,181 crore.
- NBFC portfolio grew by 24% year on year to INR1.48 lakh crore, and HFC portfolio grew by 58% year on year to INR42,204 crore.
- Insurance businesses showed strong growth with individual first year premium for life insurance up by 19% and gross written premium of health insurance up by 39% year on year.
- The Board approved a significant capital infusion of INR2,750 crore in Aditya Birla Housing Finance from Advent International, valuing the company at INR19,250 crore post-money.
- Despite improvements, the health insurance business reported a net loss of INR178 crore for the first 9 months under new accounting regulations.
- The unsecured business loan portfolio has a lower provision cover of 45%, which may pose risks.
- There is a delay in seeing the impact of favorable product mix changes on yields and margins in the NBFC business.
- Concerns were raised about the need for potential provision buffers due to global macroeconomic uncertainties.
- The digital sourcing for personal and consumer loans is heavily reliant on fintech partners, which may affect direct sourcing capabilities.
Ladies and gentlemen, good day, and welcome to the Q3 FY26 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 Mr. Vishakha Mulye, MD and CEO of Aditya Birla Capital Limited. Thank you and over to you, ma'am.
Thank you. Good evening, everyone, and welcome to the earnings call of Aditya Birla Capital for Q3 of 2026. Joining me today are the senior members of my team: Bala, Rakesh, Pankaj, Kamlesh, Mayank, Pinky, Vijay, Ramesh, and Deep. I will cover our strategy, financial and business performance, followed by a discussion and performance of our key businesses by our business CEOs.
The Indian economy has maintained a strong growth momentum despite of the challenges and challenging external environment. Rural consumption has benefited from a good monsoon and improved agricultural output while urban spending surged during the festive
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