Aditya Birla Capital Q2 net profit rises 37% to Rs.256 crore
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Mumbai, Nov. 8 -- Aditya Birla Capital on Thursday reported lower-than-expected second quarter earnings due to the impact of deferred tax assets and higher credit costs.
Consolidated net profit stood at Rs.256 crore for the three months ended 30 September compared with Rs.186 crore in the year-ago-period. Overall loan book, including non-banking and housing finance, grew 4% year-on-year to Rs.60,477 crore from Rs.57,945 crore in the previous year.
Aditya Birla Finance, the NBFC business, reported a 32% increase in net profit to Rs.273 crore at the end of September, excluding the impact of deferred tax assets. Loan book shrank for the second consecutive quarter to Rs.48,400 crore due to de-growth in structured finance book. Net interest ...
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