Aditya Birla Capital Q4 FY21 results. The Company announced its audited financial results for the quarter and year ended 31 st March 2021. The Consolidated 1 Revenue of the Company grew 14% year on year to Rs. 20,447 Crore. The
Company, through its subsidiaries, continues to maintain its track record of consistency in performance through market and macroeconomic cycles, with its diversified business model.
The consolidated profit after tax (after minority interest) grew 22% year on year to Rs. 1,127 Crore. The Company has also achieved its highest ever quarterly profit after tax (after minority interest) at Rs. 375 Crore, a 2.6x growth
year on year and 30% growth over the previous quarter.
The Company has built a credible track-record in building scale, retailisation and consistent profitability. The retailisation strategy has led to the active customer base growing to ~ 24 Million, a 22% year on year growth. The scale is evidenced with overall AUM across asset management, life insurance and health insurance businesses growing 10% year on year, to over Rs. 3,35,000 Crores.
The overall lending book (NBFC and Housing Finance) at ~ Rs. 60,000 Crores, with a 2% year on year growth,
shows the scale in lending. The gross premium (across Life and Health Insurance) grew 25% year on year to Rs. 11,076 Crores, with the retail mix at 72%, reflecting the scale in insurance. The consistency of profitability is reflected in the fact that the CAGR for PAT growth over the last 5 years is 18.5% Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of the Company, filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (‘SEBI’) for an initial public offering by way of an offer for sale (“IPO”) of shares of ABSLAMC in April 2021, subject to relevant approvals, as required.
NBFC business:
o Loan book grew 3% year on year to Rs. 48,689 Crore; Retail, SME and HNI loan book grew 17% year on year with mix increasing by 600 bps to 56%.
o Gross disbursement grew 2.1 times, year on year, to Rs. 6,570 Crore in Q4 FY21, out of which 64% disbursement was to Retail and SME segments.
o Highest ever net interest margin in Q4 FY21, expanding by 98 bps year on year, to 5.98%
o Profit before tax in Q4 FY21 at Rs. 338 Crore, grew 4.3 times over previous year. FY21 PBT stood at Rs. 1,031 Crore, vis-à-vis Rs. 1,069 Crore in the previous year.
o Strong rebound in Q4 FY21 with return of assets at 2.2% compared to 1.2% a year ago.
o Gross Stage 3 reduced to 2.68% from 3.61%, year on year, led by resolution of stressed assets worth Rs. 725 Crore
Housing Finance business:
o Loan book at Rs. 11,869 Crore with 96% retail mix; strong rebound in Gross disbursals at Rs. 1,131 Crore, grew 47% year on year and 39% quarter on quarter.
o Focus on granular business continues with 52% disbursement in affordable segment in Q4 FY21.
o Affordable book mix at 27% against 18% in the previous year.
o Highest ever net interest margin in Q4 FY21, expanding by 77 bps year on year, to 3.85%
o Profit before tax in Q4 FY21 at Rs. 48 Crore, a growth of 78% over the previous year. The FY21 PBT at Rs. 176 Crores, reflected a growth of 30% year on year.
Asset Management:
• Strong revival across asset classes with 28% year on year growth in closing domestic assets under management, to Rs. 2,59,422 Crore
• Overall domestic average asset under management (AAUM) grew by 9% year on year, to Rs. 2,69,278 Crore and domestic equity AAUM grew by 11% year on year, to Rs. 96,934 Crore
• Domestic equity mix expanded to 36%
• Continued focus on building retail customer franchise with Rs. 1,26,982 Crore AAUM in retail AUM with 7.1 million folios
• The profit before tax was at Rs. 696 Crore, with PBT/AUM moving up year on year to 28 bps from 26 bps in the previous year
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