On Thursday, Aditya Birla Capital reported a 20 percent increase in its consolidated profit after tax of Rs 450 crore during the quarter ended March 2022.
The company’s consolidated revenues for Q4 FY22 grew by 18 percent from a year ago to Rs 6,962 crore, says Aditya Birla Capital (ABCL) in a release.
For the entire financial year 2021-2022, consolidated revenues grew by 16 percent from year to year to Rs 23,633 million.
The Group’s profit after tax for the year grew by 51 percent to Rs 1,706 crore, the highest ever recorded by the company, it added.
Ajay Srinivasan, CEO of ABCL, said: “The company has built an integrated platform with high quality, significant scale and a retail franchise of almost 35 million active customers. We have tripled our profits in the last 5 years and almost doubled our profits in the last two years, despite several external challenges.
“Our integrated and diversified model backed by our motivated teams has helped us deliver consistent growth in profitability over economic cycles and record results this financially.” The share of ABCL on Thursday closed at Rs 99.65, a decrease of 2.73 percent from its previous close on BSE.