Aditya Birla Capital Ltd. reports highest ever consolidated profit, stands at Rs 289 crore.

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On Friday, Aditya Birla Capital Ltd (ABCL) posted the highest ever consolidated quarterly profit. The entity witnessed a 15% jump in consolidated net profit to reach 289 crore for the quarter ended December 2020.

Company’s net profit was at 250 crore in the same quarter of the previous fiscal.

Consolidated revenue for Q3FY21 grew 16% to 5,346 crore as against 4,612 crore in the December quarter of FY20, the company said.

The robust quarterly performance was driven by strong growth across businesses, it added.

ABCL, which is the holding company of the financial services of Aditya Birla Group, has subsidiaries across insurance, investment and non-banking financing activities among others.

The company declared, that, they will leverage technology and forge partnerships with fintechs to grow revenue, improve customer experience, optimise cost and build scalable systems.

Stock of the company closed 0.39% down at 90.05 on BSE.