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Consolidated revenue stood at Rs 12,079 crore in Q4 FY24, registering a growth of 32% from Rs 9,146 crore recorded in the same period a year ago. Profit before tax surged 93.73% year on year to Rs 1,612.14 crore in the quarter ended 31 March 2024. The total AUM (AMC, life insurance and health insurance) increased by 21% YoY to 4,36,442 crore during the quarter. On full year basis, the company?s consolidate net profit tumbled 30.46% to Rs 3,334.98 crore despite of 30.17% rise in revenue to Rs 39,050 crore in FY24 over FY23. The strong momentum across businesses led to a 31% YoY growth in the overall lending portfolio (NBFC and HFC) to 1,24,059 crore as on 31 March 2024. The total premium (life insurance and health insurance) grew by 18% YoY to Rs 20,961 crore in FY24. The company said that it continues to expand its physical footprint with a pan-India presence of 1,474 branches across all businesses as of 31 March 2024. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments. Aditya Birla Capital is the holding company for the financial services businesses of the Aditya Birla Group. Powered by Capital Market - Live News
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