Aditya Birla Capital Limited released Q1FY24 financial results.

Aditya Birla Capital Limited (symbol: ABCAPITAL) released its financial results for the first quarter ending on June 30, 2023. Here’s a summarized overview of the key financial highlights from the report:

  • Revenue and Income: The consolidated revenue for the quarter amounted to INR 70,415.9 million.
    • Total Interest Earned: INR 25,200,000.00
    • Dividend Income: INR 0.00
    • Rental Income: INR 0.00
    • Fees and Commission Income: INR 0.00
    • Net Gain on Fair Value Changes: INR 69,100,000.00
    • Other Sources of Revenue: INR 0.00
    • Total Revenue from Operations: INR 94,300,000.00
    • Other Income: INR 3,900,000.00
    • Total Income: INR 98,200,000.00
  • Expenses: The Company reported operating expenses of INR 3,549.5 million.
    • Employee Benefit Expenses: INR 70,200,000.00
    • Finance Costs: INR 200,000.00
    • Depreciation and Amortization: INR 2,100,000.00
    • Other Expenses: INR 19,000,000.00
    • Total Expenses: INR 91,300,000.00
  • Profit Before Tax: The profit before tax was INR 16,710.1 million.
    • Profit Before Tax: INR 6,900,000.00
    • Current Tax: INR 1,700,000.00
    • Deferred Tax: INR 0.00
    • Tax Expense: INR 1,700,000.00
    • Profit After Tax: INR 5,200,000.00
  • Net Profit: The net profit for the period was INR 8,479.1 million.
  • Earnings Per Share:
  • Basic Earnings Per Share: INR 0.00 (from continuing operations)
  • Diluted Earnings Per Share: INR 0.00 (from continuing operations)
  • Segment Information: The Company operates in multiple segments, including Asset Management, General Insurance Broking, Health Insurance, Housing Finance, Life Insurance, NBFC, Other Financial Services, and Stock and Securities Broking.
  • Assets and Liabilities: The company’s segment assets ranged from INR 2,959.5 million to INR 788,024.3 million, while segment liabilities ranged from INR -28.25 billion to INR 773,492.8 million.
  • Items Not Reclassified to Profit and Loss: The Company had items that will not be reclassified to profit and loss amounting to INR 241.8 million.
  • Items Reclassified to Profit and Loss: The Company had items that will be reclassified to profit and loss amounting to INR 161.6 million.
  • Comprehensive Income:
    • Comprehensive Income for the Period: INR 6,200,000.00
  • Segment Information: The XBRL data also includes segment-related information, such as segment revenue, profit/loss before tax, assets, and liabilities. It appears that the values are all zero for this reporting period.

Please note that this is a general summary based on the information provided in the XML report. For a more detailed analysis or specific insights, it’s recommended to review the complete financial report and possibly consult financial experts or tools to interpret the information effectively for investment or decision-making purposes.

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Manoj Singh

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