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Aditya Birla Capital Q2 FY27 results: net profit up 53.4% to ₹1,353 crore, revenue up 32.2%
Aditya Birla Capital Ltd. reported consolidated revenue of ₹14,003 crore and a net profit of ₹1,353 crore for Q2 FY27, up 32.2% and 53.4% from a year ago. Profit attributable to owners was ₹1,288 crore and basic EPS was ₹4.71, while the standalone profit after tax was ₹1,237 crore.
Key points
- Consolidated revenue rose 32.2% year on year to ₹14,003 crore, while total income increased 32.4% to ₹14,048.58 crore.
- Profit before tax rose 52.0% to ₹1,724 crore and net profit increased 53.4% to ₹1,353 crore.
- Basic EPS increased from ₹3.27 to ₹4.71, while profit attributable to owners rose 50.6% to ₹1,288 crore.
- Against Q1 FY27, revenue increased 15.0% and net profit rose 10.6%, while the PAT margin declined 0.3 percentage points to 9.7%.
- For H1 FY27, revenue rose 30.3% to ₹26,182.75 crore and net profit increased 48.7% to ₹2,577.2 crore.
How did Aditya Birla Capital perform in Q2 FY27?
Aditya Birla Capital reported consolidated revenue of ₹14,003 crore for Q2 FY27, up 32.2% from ₹10,595 crore in Q2 FY26 and 15.0% from ₹12,180 crore in Q1 FY27. Total income was ₹14,048.58 crore. Profit before tax rose 52.0% year on year to ₹1,724 crore and was up 15.3% from ₹1,495 crore in the previous quarter. Net profit was ₹1,353 crore, compared with ₹882.47 crore a year ago and ₹1,224 crore in the previous quarter.
Profit attributable to owners of the company was ₹1,288 crore, up from ₹855.24 crore in Q2 FY26 and ₹1,175 crore in Q1 FY27. Basic EPS was ₹4.71, against ₹3.27 in the year-ago quarter and ₹4.46 in the previous quarter. The PAT margin was 9.7% against 8.3% a year ago and 10.0% in Q1 FY27. EBITDA and its margin were not reported in the supplied results.
On a standalone basis, revenue was ₹5,493.40 crore and profit after tax was ₹1,237.23 crore. The standalone revenue increase was 21.9%, while profit before tax was ₹916.28 crore. The consolidated figures above include the company’s statutory consolidation and differ from the segment revenue basis used in its investor presentation.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 14,003 | 12,180 | 10,595 | +32.2% | +15.0% |
| Other income | 45.37 | 7.51 | 14.39 | +215.3% | +504.1% |
| Total expenses | 12,324 | 10,692 | 9,475 | +30.1% | +15.3% |
| Profit before tax | 1,724 | 1,495 | 1,134 | +52.0% | +15.3% |
| Tax | 481.62 | 417.02 | 329.16 | +46.3% | +15.5% |
| Net profit | 1,353 | 1,224 | 882.47 | +53.4% | +10.6% |
| EPS (₹) | 4.71 | 4.46 | 3.27 | +44.0% | +5.6% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Aditya Birla Capital's costs and profit?
Total expenses increased 30.1% year on year to ₹12,324 crore, slower than the 32.2% rise in revenue. Other expenses were ₹7,628 crore, up ₹1,976 crore or 35.0%, while finance costs rose ₹748.68 crore or 26.7% to ₹3,553 crore. Employee cost increased ₹124.81 crore or 24.0% to ₹644.68 crore, and depreciation rose ₹10.99 crore or 14.2% to ₹88.25 crore.
Other income increased ₹30.98 crore or 215.3% to ₹45.37 crore. Tax expense rose ₹152.46 crore or 46.3% to ₹481.62 crore. There was no exceptional item. The supplied filings do not state a specific operational reason for the changes in the cost lines, other income or tax.
Against Q1 FY27, total expenses rose 15.3% to ₹12,324 crore, matching the 15.3% increase in total income. Other expenses increased 25.1% to ₹7,628 crore and finance costs rose 4.8% to ₹3,553 crore, while employee cost fell 4.7% to ₹644.68 crore. Other income rose ₹37.86 crore to ₹45.37 crore and tax increased 15.5% to ₹481.62 crore. No exceptional item was reported.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 644.68 | 519.87 | +124.81 | +24.0% |
| Finance costs | 3,553 | 2,804 | +748.68 | +26.7% |
| Depreciation | 88.25 | 77.26 | +10.99 | +14.2% |
| Other expenses | 7,628 | 5,651 | +1,976 | +35.0% |
| Total expenses | 12,324 | 9,475 | +2,849 | +30.1% |
| Other income | 45.37 | 14.39 | +30.98 | +215.3% |
| Tax | 481.62 | 329.16 | +152.46 | +46.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, consolidated revenue rose 30.3% to ₹26,182.75 crore from ₹20,097.65 crore in H1 FY26, an increase of ₹6,085.1 crore. Total income increased 30.3% to ₹26,235.63 crore from ₹20,140.16 crore. Profit before tax rose 46.0% to ₹3,219.79 crore from ₹2,205.37 crore.
Net profit for the first half increased 48.7% to ₹2,577.2 crore from ₹1,733.24 crore, while profit before tax rose ₹1,014.42 crore. Basic EPS increased from ₹6.48 to ₹9.17. The PAT margin for the quarter was 9.7%, compared with 8.3% in Q2 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 26,183 | 20,098 | +30.3% |
| Profit before tax | 3,220 | 2,205 | +46.0% |
| Net profit | 2,577 | 1,733 | +48.7% |
| EPS (₹) | 9.17 | 6.48 | +41.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹3,71,941.88 crore at 30 September 2026 from ₹3,35,393.12 crore at 31 March 2026. Total equity rose to ₹46,853.81 crore from ₹36,767.4 crore, while cash increased to ₹4,192.46 crore from ₹2,403.33 crore. Consolidated borrowings were not available in the supplied results, so no comparison is presented.
Operating cash flow for H1 FY27 was negative ₹21,545.8 crore, compared with negative ₹14,981.5 crore in H1 FY26. Investing cash flow was negative ₹1,321.47 crore against negative ₹1,425 crore, while financing cash flow was positive ₹24,656.4 crore against positive ₹16,554.23 crore. Capital expenditure was ₹207.58 crore, compared with ₹165.42 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3,71,942 | 3,35,393 |
| Total equity | 46,854 | 36,767 |
| Cash and equivalents | 4,192 | 2,403 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −21,546 | −14,982 |
| Cash from investing | −1,321 | −1,425 |
| Cash from financing | 24,656 | 16,554 |
| Capital expenditure | 207.58 | 165.42 |
Source: Company's results filing (XBRL).
How has Aditya Birla Capital done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters, while profit rose year on year in each of the last four quarters. In the reported series, revenue bottomed at ₹9,381.35 crore in Q3 FY25 and reached ₹14,003.21 crore in Q2 FY27, the highest level shown. Profit after tax moved from a low of ₹724.38 crore in Q3 FY25 to ₹1,353.35 crore in Q2 FY27.
The latest quarter extended the year-on-year rise in revenue and profit. From Q3 FY25 to Q4 FY26, revenue moved from ₹9,381.35 crore to ₹13,459.25 crore and PAT from ₹724.38 crore to ₹1,164.72 crore. Revenue and PAT then reached ₹12,179.54 crore and ₹1,223.85 crore in Q1 FY27 before rising to ₹14,003.21 crore and ₹1,353.35 crore. EBITDA margins were not reported in the quarterly trend data.
Which businesses drove the quarter?
Lending excluding Housing Finance reported revenue of ₹5,156.64 crore, up 23.0% from ₹4,193.23 crore, and EBIT of ₹1,352.01 crore against ₹956.23 crore. Housing Finance revenue increased 43.1% to ₹1,400.19 crore from ₹978.45 crore, while EBIT rose to ₹335.29 crore from ₹193.96 crore. The respective EBIT margins were 26.2% and 23.9%.
Life Insurance reported revenue of ₹7,357.64 crore, up 37.0% from ₹5,371.08 crore, and EBIT of ₹85.28 crore against ₹66.92 crore. Asset Management revenue increased 3.4% to ₹523.04 crore from ₹505.81 crore, while EBIT was ₹296.19 crore compared with ₹315.6 crore. Health Insurance reported revenue of ₹2,054.73 crore and EBIT of ₹25.28 crore; no year-ago figures were supplied for comparison.
Stock and Securities Broking revenue rose 29.3% to ₹137.7 crore from ₹106.5 crore, with EBIT increasing to ₹15.43 crore from ₹14.21 crore. Other Financial Services revenue increased 111.4% to ₹79.15 crore from ₹37.44 crore, while EBIT was a loss of ₹63.5 crore against a loss of ₹96.98 crore. The segment figures reflect the presentation’s consolidated revenue basis.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Lending (Excluding Housing Finance) | 5,157 | +23.0% | 1,352 | 26.2% |
| Housing Finance | 1,400 | +43.1% | 335.29 | 23.9% |
| Life Insurance | 7,358 | +37.0% | 85.28 | 1.2% |
| Asset Management | 523.04 | +3.4% | 296.19 | 56.6% |
| Health Insurance (Refer Note: 7) | 2,055 | 25.28 | 1.2% | |
| Stock and Securities Broking | 137.70 | +29.3% | 15.43 | 11.2% |
| Other Financial Services | 79.15 | +111.4% | −63.50 | -80.2% |
| Inter Segment Elimination | 0 | 0 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 30 October 2026. It also approved grants of 1,82,502 stock options and 54,631 performance stock units to eligible employees under the Employee Stock Option and Performance Stock Unit Scheme 2022. The options were granted at ₹358.35 per share with a three-year vesting period and a five-year exercise period from vesting.
The filing stated that there was no deviation or variation in the use of proceeds from the preferential issue of equity shares. It also included statements on the use of proceeds of non-convertible debentures, the security cover certificate as on 30 September 2026, and the limited review report. The same-day investor communication was titled “Q2 FY27 profit rises 38% as lending and assets under management expand” and was scheduled to be presented to investors.
What did Aditya Birla Capital's management say?
The earnings call was held on 30 October 2026, and its transcript was filed on 4 November 2026. The supplied transcript filing confirms the discussion of the standalone and consolidated results for the quarter and half year ended 30 September 2026, but it does not include management’s statements on guidance, priorities, risks, or analysts’ questions. No guidance change, management themes or risk disclosures were provided in the available material.
How did Aditya Birla Capital shares react?
The filing appeared in market hours. From the price when the results appeared, the stock was up 3.0% after five minutes, down 0.4% after 15 minutes and up 2.9% after 30 minutes. On the reaction day, it closed 3.1% above the previous close; by the next day’s close, it was up 5.6% from the pre-results close.
The Investment Company industry median fell 0.6% on the reaction day and rose 0.2% by the next day’s close. Aditya Birla Capital therefore exceeded the industry median by 3.6 percentage points on the reaction day and by 5.4 percentage points by the next day’s close. The Nifty Midcap 150 fell 0.9% on the reaction day and rose 0.3% by the next day’s close.
Earlier results-day moves were mixed: 2.8% on 31 July 2026, 1.5% on 4 May 2026, negative 0.3% on 3 February 2026, 5.1% on 30 October 2025, 11.5% on 4 August 2025, negative 1.2% on 13 May 2025, negative 5.5% on 3 February 2025 and 4.8% on 30 October 2024. No five-day reaction was available for the latest filing.
| After the filing | Stock | Investment Company median |
|---|---|---|
| 5 minutes | +3.0% | |
| 15 minutes | −0.4% | |
| 30 minutes | +2.9% | |
| Reaction day | +3.1% | −0.6% |
| Next day | +5.6% | +0.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 31 July 2026 | +2.8% |
| 4 May 2026 | +1.5% |
| 3 February 2026 | −0.3% |
| 30 October 2025 | +5.1% |
| 4 August 2025 | +11.5% |
| 13 May 2025 | −1.2% |
| 3 February 2025 | −5.5% |
| 30 October 2024 | +4.8% |
Source: MarketPing price-reaction measurement.
How did other Investment Company companies do?
Twenty other Investment Company companies had filed results for the quarter by 4 November 2026. Their median revenue growth was 25.8%. Eleven peers grew revenue more slowly than Aditya Birla Capital and nine grew faster; 17 of the 22 peers for which profit was compared reported higher profit.
| Aditya Birla Capital revenue growth (YoY) | +32.2% |
|---|---|
| Median of 20 other Investment Company companies | +25.8% |
| Companies with slower revenue growth than Aditya Birla Capital | 11 of 20 |
| Companies with faster revenue growth than Aditya Birla Capital | 9 of 20 |
| Companies whose net profit rose | 17 of 22 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Aditya Birla Capital's revenue in Q2 FY27?
Revenue from operations was ₹14,003 crore, up 32.2% from ₹10,595 crore in Q2 FY26 (consolidated).
Did Aditya Birla Capital make a profit in Q2 FY27?
Yes. Net profit was ₹1,353 crore, against a net profit of ₹882.47 crore in Q2 FY26.
What was Aditya Birla Capital's EPS in Q2 FY27?
Basic earnings per share were ₹4.71, against ₹3.27 in Q2 FY26.
How did Aditya Birla Capital shares react to the Q2 FY27 results?
On the reaction day the stock moved +3.1% from the previous close; the median Investment Company stock moved −0.6%.
When did Aditya Birla Capital announce its Q2 FY27 results?
On 30 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended Ended September 30, 2026 (BSE, 13 October 2026) · PDF
- Outcome of Board Meeting (NSE, 30 October 2026) · PDF
- The earnings call (4 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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