Audited Standalone and Consolidated Financial Results for the Quarter and year ended 31 March 2025
Awaiting price reaction for this filing.
Aditya Birla Capital Limited (ABCAPITAL) reported its audited results for FY25 with total income rising about 14% to ₹15,553 crore from ₹13,625 crore last year, driven mainly by the merger of Aditya Birla Finance Limited (ABFL) into the company effective 1 April 2024. Standalone profit after tax for the year was nearly flat at ₹2,957 crore versus ₹2,935 crore in FY24, while Q4 PAT fell sharply to ₹654 crore from ₹1,182 crore a year ago because last year's Q4 included a one-time ₹636 crore gain from selling part of its stake in Aditya Birla Sun Life AMC. The board also approved raising funds through non-convertible debentures and other debt instruments up to ₹1,65,000 crore (from the existing ₹1,35,000 crore limit), subject to shareholder approval. The auditor M M Nissim & Co LLP issued an unmodified opinion on both standalone and consolidated results, and the figures for prior periods were restated to reflect the ABFL merger.
For shareholders, the headline PAT looks weak on a quarterly basis but this is mainly because last year had large one-off gains from selling mutual fund and insurance brokerage stakes; the underlying lending business is growing steadily post-merger. The approval to raise significantly more debt signals continued expansion in the lending book, though the debt-to-equity ratio is already high at 4.41x and operating cash flow remains deeply negative (₹16,647 crore used), which is typical for a growing NBFC but worth watching.