HDFC Securities Recommends Aditya Birla Capital’s share price target.
Aditya Birla Capital Ltd is a private equity firm founded by Aditya Birla. Over the next three years, Aditya Birla Capital (ABCL) maintained its credible transformation path to get the consolidated return ratio closer to the franchisee potential. ABCL’s lending business mix continues to shift toward retail and granular loans (59 percent of NBFC AUM goes to Retail + SME + HNI; 33 percent of HF AUM goes to affordable housing, demonstrating ongoing growth in franchise revenues). Is. Both risk (insurance) companies had good growth, however profitability was hampered by prior period claims (spillover from Q1FY22). Both risk-averse firms are continuing to improve their profitability trajectories; VNB margins increased 600 basis points year over year to 7.6% in H1FY22, owing to improvements in compounded change and loss ratio (e.g. COVID impact).
Investing.com is the source for this information.
Aditya Birla Capital is up 6% after reporting a record profit in the second quarter.
Aditya Birla Capital’s stock rose more than 6% in Tuesday’s trading session after the business reported outstanding results for the quarter ending September 2021.
On the BSE, the stock was up 6.08 percent at Rs 105.55 at 9:37 a.m.
The company claimed in a statement that it had its greatest ever consolidated quarterly profit in the second quarter, thanks to “excellent growth across all businesses.”
The company’s consolidated sales increased 22% year on year (YoY) to Rs 5,961 crore, which includes the freshly listed Aditya Birla Sun Life and Aditya Birla Wellness. The company’s consolidated profit after tax (excluding minority interest) increased by 43% year on year to Rs 377 crore.
“The company’s focus on scaling up, expanding its retail base, and maintaining consistent profitability is paying off.” The retail-ization plan has increased the number of active customers to 28 million, a 42 percent increase year over year. The aggregate AUM in the asset management, life insurance, and health insurance sectors has topped Rs. 3,70,290 crores, up 24% year on year,” it said in a statement.
The aggregate loan book of Rs 59,060 crore (NBFC and Housing Finance) represents the size of the lending enterprises. The magnitude of the insurance sector was reflected in the fact that gross premiums (in life and health insurance) climbed by 25% year on year to Rs 5,685 crore for the half year.
EconomicsTimes.com is the source for this information.
Yes Securities: Aditya Birla Capital Share Price Target; Buy For Rs 205:
The stock of Aditya Birla Capital had a fantastic start to the year, increasing 50% from January and the first week of March. Since then, though, the stock has dropped 15%. Yes Securities analysts believe Aditya Birla Capital is at a turning point, with all of its franchises projected to perform strongly over the next three years. According to analysts, Aditya Birla’s management has guided that the NBFC, retail, and SME mix will grow by around 65 percent by the financial year 2023-24, while the affordable housing share in the housing finance business will rise to 65 percent, and the cash cow business of AMC for this will have a sustained ROE in the range of 35-40 percent over the next three years. Yes Securities’ target price is an 81 percent increase over the stock’s current price.
FinancialExpress.com is the source for this information.
In the June quarter, Aditya Birla Capital reported its highest-ever net profit of Rs 302 crore.
For the first quarter ended June 30, Aditya Birla Capital Limited announced its highest ever consolidated net profit of Rs 302 crore, a 52 percent increase.
In the same time a year before, the firm made a net profit of Rs 198 crore.
Despite a COVID-affected quarter, strong company development resulted in the greatest ever consolidated net profit for the first quarter, according to ABCL.
In Q1FY22, the company’s consolidated sales increased by 8% to Rs 4,632 crore, up from Rs 4,292 crore in Q1FY21.
The non-banking financial arm of the Aditya Birla Group claimed it had used the cooperation to boost client acquisition and growth.
The active customer base of Aditya Birla Capital Limited (ABCL) is 25 million (25 million), up 30% year on year, with an emphasis on granular retail growth across all divisions.
Customers may trade across items and receive services on their app, it said, adding that businesses are realising the benefits of a digital emphasis.
Its strategy of gaining size, expanding its retail base, and maintaining steady profitability has paid off.
The company has assets under control of about Rs 3.43 lakh crore, with a year-on-year increase of 26% in the life and health insurance market.
The magnitude of loan is reflected in the entire lending book of Rs 57,182 crore (NBFC and Housing Finance).
The firm stated that its focus going ahead would be on enhancing the value of its existing client base while continuing to pursue new customers.
ABCL will use technology and analytics to increase revenue, improve customer experience, reduce expenses, and develop dependable and scalable systems.
Moneycontrol.com is the source for this information.
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