Aditya Birla Capital

Maintains strong performance

Aditya Birla Capital has posted 31% jump in net profit to Rs 1129.16 crore in Q4FY2026 over Q4FY2025. The company has continued to post strong performance across business with acceleration in loan growth, jump in disbursements, improving asset quality and stable margins.

The income from operation of increased 10% to Rs 13459.25 crore. The revenue from NBFC increased 19% to Rs 4570.60 crore and Housing Finance 42% to Rs 1122.27 crore, while the revenue from Health Insurance moved up 38% to Rs 2032.35 crore. Further, the revenue from Stock & Securities Broking increased 31% to Rs 129.80 crore and Life Insurance 5% to Rs 7690.03 crore, while the revenue from Asset Management fell 15% to Rs 424.14 crore, and Other Financial Services 78% to Rs 54.53 crore in Q4FY2026.

The PBT from Housing Finance increased 111% to Rs 254.85 crore and Life Insurance 110% to Rs 103.78 crore, while the PBT from Stock & Securities Broking moved up 103% to Rs 25.72 crore in Q4FY2026. The PBT from NBFC moved up 26% to Rs 1105.84 crore and Health Insurance 7% to Rs 214.52 crore. However, the Asset Management PBT declined 28% to Rs 219.40 crore and Other Financial Services witnessed PBT loss of Rs 112.95 crore in Q4FY2026.

Overall OPM jumped to 33.59% in Q4FY2026 from 31.07% in Q4FY2025, as other expenditure as a percentage of net sales dipped to 59.27% from 61.96%. Further, the provisions declined to 2.84% from 3.08% in Q4FY2025. The staff cost as a percentage of net sales rose to 4.30% from 3.89% in Q4FY2025.

Interest cost increased 20% to Rs 3100.59 crore. Depreciation was up 20% to Rs 81.88 crore. PBT increased 17% to Rs 1369.00 crore in the quarter ended March 2026. The effective tax rate declined to 28.6% from 40.7%. There was loss attributable to non-controlling interest of Rs 35.56 crore in Q4FY2026 up from Rs 21.01 crore in Q4FY2025. The share of profit from associates declined 9% to Rs 176.84 crore. Net Profit, increased 31% to Rs 1129.16 crore in the quarter ended March 2026.

Book value of the company stood at Rs 131.4 per share, while adjusted book value (net of Net Stage 3 assets and 10% of restructured loans) stood at 126.8 per share end March 2026.

Business highlights

The consolidated revenue grew by 12% yoy to Rs 15877 crore in Q4FY26 and by 14% to Rs 53871 crore in FY26.

The consolidated profit after tax grew by 30% yoy to Rs 1124 crore in Q4FY26 and 21% yoy to Rs 3797 crore in FY26.

The overall lending portfolio (NBFC and HFC) grew by 32% yoy and 9% sequentially to Rs 207368 crore at end March 2026.

The total AUM (AMC, life insurance and health insurance) grew by 16% yoy to Rs 591343 crore at end March 2026.

The life insurance individual first year premium grew by 15% yoy to Rs 4725 crore in FY26 and health insurance gross written premium grew by 39% yoy to Rs 6855 crore in FY26.

The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, has scaled up significantly with 24 lakh registrations and reached an AUM of Rs 5814 crore at end March 2026.

The Company also continues to expand its physical footprint with a pan-India presence of 1740 branches across all businesses at end March 2026. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.

NBFC Business

Disbursements grew by 28% yoy and 16% sequentially to Rs 24947 crore in Q4FY26

AUM grew by 27% yoy and 8% sequentially to Rs 159916 crore

Profit before tax grew by 26% yoy to Rs 1106 crore in Q4FY26 and 20% year-on year to Rs 4023 crore in FY26

Return on assets was 2.31% in Q4FY26 and 2.25% in FY26

Gross stage 2 and 3 ratio improved by 136 bps yoy and 38 bps sequentially to 2.42%

Housing Finance

Disbursements grew by 37% yoy and 29% sequentially to Rs 7977 crore in Q4FY26

AUM grew by 53% yoy and 12% sequentially to Rs 47452 crore

Profit before tax grew by more than two times yoy to Rs 255 crore in Q4FY26 and 98% yoy to Rs 832 crore in FY26

Return on assets was 2.07% in Q4FY26 and 1.88% in FY26

Gross stage 2 and 3 ratio improved by 63 bps yoy and 19 bps sequentially to 0.76%

AMC Business

Mutual fund quarterly average assets under management grew by 14% year-on year to Rs 435866 crore

Equity QAAUM grew by 17% yoy to Rs 197374 crore

Individual monthly average assets under management grew by 8% yoy to Rs 199373 crore

Folios serviced increased by 3% yoy to about 1.1 crore

Operating profit grew by 8% yoy to Rs 252 crore in Q4FY26 and 11% yoy to Rs 1051 crore in FY26

Life Insurance Business

Individual First Year Premium (FYP) grew by 15% yoy to Rs 4725 crore in FY26

Group new business premium increased by 31% yoy to Rs 7314 crore in FY26

Renewal premium grew by 17% yoy to Rs 12190 crore in FY26

Net value of new business (VNB) margin increased by 260 bps yoy to 20.6% in FY26

Absolute net VNB grew by 29% yoy to Rs 1055 crore in FY26

Health Insurance Business

Gross written premium grew by 39% yoy to Rs 6855 crore in FY26

Standalone health insurer market share increased by 110 bps yoy to 13.7% in FY26

Combined ratio improved to 103% (FY25: 105%) in FY26

Financial Performance FY2026

For the year ended March 2026 (FY2026), the consolidated net revenue of the company increased 13% to Rs 45508.98 crore. The revenue in Life Insurance segment moved up 9% to Rs 23974.11 crore, NBFC 16% to Rs 17148.52 crore and Health Insurance 39% to Rs 6437.04 crore. Further, the revenues from Housing Finance increased 53% to Rs 4065.57 crore, Asset Management 4% to Rs 2056.16 crore and Stock & Securities Broking rose 3% to Rs 468.59 crore, However, the revenue from other financial services declined 77% to Rs 193.89 crore in FY2026 over FY2025.

Overall OPM improved to 36.68% in FY2026 from 34.69% in FY2025. The interest cost increased 20% to Rs 11622.19 crore, while depreciation moved up 25% to Rs 306.63 crore, while PBT jumped 15% to Rs 4873.73 crore in FY2026. The effective tax rate declined to 29.20% in FY2026 from 32.80% in FY2025. Net Profit after non-controlling interest moved up 13% yoy to Rs 3764.49 crore in FY2026.

?

Aditya Birla Capital: Consolidated Results
Particulars	2603 (3)	2503 (3)	Var %	2603 (12)	2503 (12)	Var %
Income from Operations	13459.25	12214.04	10	45508.98	40360.07	13
OPM (%)	33.59	31.07	?	36.68	34.69	?
OP	4521.33	3794.71	19	16694.14	14002.74	19
Other Income	30.14	24.88	21	108.41	161.77	-33
PBDIT	4551.47	3819.59	19	16802.55	14164.51	19
Interest (Net)	3100.59	2584.85	20	11622.19	9694.18	20
PBDT	1450.88	1234.74	18	5180.36	4470.33	16
Depreciation / Amortization	81.88	68.11	20	306.63	246.20	25
PBT before EO	1369.00	1166.63	17	4873.73	4224.13	15
EO	13.65	0.00	-	-53.94	229.91	PL
PBT after EO	1382.65	1166.63	19	4819.79	4454.04	8
Tax Expenses	394.77	475.22	-17	1407.44	1460.95	-4
PAT	987.88	691.41	43	3412.35	2993.09	14
Profit attributable to non-controlling interest	35.56	21.01	69	99.31	77.57	28
Share of profit/loss of Associate	176.84	194.20	-9	451.45	416.80	8
Net Profit after minority and share in associate	1129.16	864.60	31	3764.49	3332.32	13
EPS *	17.1	13.3	?	13.7	12.1	?
Equity	2620.5	2607.0	?	2620.5	2607.0	?
Adj BV (Rs)	126.8	110.2	?	126.8	110.2	?
* EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs crore, PL: Profit to Loss, LP: Loss to Profit
Source: Capitaline Corporate Database

?

Aditya Birla Capital: Segment Results
Particulars	(%) of Total	2603 (3)	2503 (3)	Var (%)	(%) of Total	2603 (12)	2503 (12)	Var (%)
Segment Revenue	?	?	?	?	?	?	?	?
NBFC	29	4570.60	3839.56	19	32	17148.52	14788.96	16
Housing Finance	7	1122.27	791.27	42	7	4065.57	2655.18	53
Life Insurance	48	7690.03	7317.87	5	44	23974.11	22052.18	9
Asset Management	3	424.14	498.84	-15	4	2056.16	1982.29	4
General Insurance Broking	0	0.00	0.00	-	0	0.00	264.36	-
Stock & Securities Broking	1	129.80	99.45	31	1	468.59	453.14	3
Health Insurance	13	2032.35	1469.18	38	12	6437.04	4635.28	39
Other Financial Services	0	54.53	243.88	-78	0	193.89	859.85	-77
Total Segmental Revenue	100	16023.72	14260.05	12	100	54343.88	47426.88	15
Less: Inter Segment Revenue	?	-147.06	-121.68	21	?	-472.48	-322.55	46
Total Segment Revenue from Operations (Net)	?	15876.66	14138.37	12	?	53871.40	47368.69	14
Segment Results (Profit Before Tax)	?	?	?	?	?	?	?	?
NBFC	61	1105.84	877.43	26	66	4023.24	3359.61	20
Housing Finance	14	254.85	121.06	111	14	832.26	419.45	98
Life Insurance	6	103.78	49.46	110	4	256.99	158.40	62
Asset Management	12	219.40	305.04	-28	21	1265.56	1244.54	2
General Insurance Broking	-	-	-	-	-	-	36.96	-
Stock & Securities Broking	1	25.72	12.65	103	1	78.71	101.65	-23
Health Insurance	12	214.52	199.80	7	0	30.53	-3.07	-LP
Other Financial Services	-6	-112.95	106.17	PL	-6	-371.32	387.42	PL
Total Segment Results	100	1811.16	1671.61	8	100	6115.97	5704.96	7
Capital employed	?	?	?	?	?	?	?	?
NBFC	56	21065.74	17887.80	18	56	21065.74	17887.80	18
Housing Finance	16	5968.29	3766.25	58	16	5968.29	3766.25	58
Life Insurance	13	5070.78	4243.19	20	13	5070.78	4243.19	20
Asset Management	11	4078.17	3792.37	8	11	4078.17	3792.37	8
General Insurance Broking	0	0.00	0.00	-	0	0.00	0.00	-
Stock & Securities Broking	1	457.83	395.83	16	1	457.83	395.83	16
Health Insurance	5	1727.53	1518.59	14	5	1727.53	1518.59	14
Other Financial Services	-2	-713.33	1185.30	-	-2	-713.33	1185.30	-
Total Segment	100	37655.01	32789.33	15	100	37655.01	32789.33	15
Inter-Segment Elimination	?	0.00	0.00	-	?	0.00	0.00	-
Add: Unallocated Corporate	?	-205.04	-48.91	319	?	-205.04	-48.91	319
Total	?	37449.97	32740.42	14	?	37449.97	32740.42	14
Figures in Rs crore, PL: Profit to Loss; LP Loss to Profit
Source: Capitaline Corporate Database

?

?

Powered by Capital Market - Live News