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Aditya Birla Capital conducted a conference call on 01 August 2024 to discuss the financial results for the quarter June 2024. Vishakha Mulye, CEO of the company addressed the call:
Highlights:
The company continues to focus on driving quality and profitability by leveraging data, digital and technology.
Consolidated profit after tax excluding one off item grew by 15% yoy to Rs 745 crore in Q1FY2025.
NBFC loan portfolio grew by 25% with SME book rising 39% yoy and 3% sequentially.
The company has seen a decline in personal loan portfolio due to calibrating approach towards sourcing of a personal loan from digital partners over the past few quarters. The focus is on increasing sourcing from direct channels. The growth is expected to pick up and normalize in the coming quarters.
In the housing finance business, the company has built significant capacity resulting in a robust growth of 31% yoy in a loan portfolio
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