AB Capital In Focus – strong numbers by subsidiary
Aditya Birla Housing Finance Q2FY25 Earnings
NII up 22% QoQ to Rs 281 cr
PAT up 22% QoQ to Rs 80 cr
Profit beat of 11% vs. Morgan Stanley estimates
Aditya Birla Housing is a subsidiary of Aditya Birla Capital
Subsidiary accounts for 10% of consolidated profit and ~8% of SOTP value
Profit up 22% QoQ mainly because of higher revenues
Gross Stage 3 (-30bp QoQ) and Net Stage 3 (- 28bp QoQ) improved significantly
Balance sheet loan assets grew 46% YoY
#AdityaBirlaCapital #AdityaBirlaHousing
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