Indian coast guard karnataka, School in Mangalore, India

New Delhi [India], May 12 : Aditya Birla Capital has posted a 35.5 per cent jump in its net profit of Rs 609 crore for the March quarter. It had Rs 450-crore net profit during the year-ago period.According to a statement from the company, total revenue from operations rose by 21.2 per cent to Rs 8,025 crore for the March quarter, against Rs 6,617 crore in the year-ago period.Profit after tax (PAT), which excluded the fair value gain related to the health insurance business, grew 33 per cent year on year to Rs 2,057 crore during 2022-23 (FY23). The company had 38 million customers as of March 31, 2023, the company's statement released on Thursday evening said.Net interest margin (NIM) rose 6.88 per cent in the fourth quarter of fiscal 2022-23 (Q4 FY23) in non-banking finance company (NBFC) business. Aditya Birla Capital said in the statement, "The branch expansion is targeted at driving penetration into Tier III and Tier IV towns and new customer segments."This growth across businesses led to a 40 per cent year-on-year growth in the overall lending book (NBFC and HFC) to Rs 94,364 crore as on March 31, 2023, and a 28 per cent jump in the gross premium (Life and Health Insurance) to Rs 17,787 crore in FY23.The shares of the company were trading 1.13 per cent up at Rs 165.80 apiece on Friday morning.A wholly-owned subsidiary, Aditya Birla Capital Digital Limited was established on March 23, 2023, to develop an omni-channel direct-to-customer (D2C) platform.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Indian Coast Guard KarnatakaFOLLOW

Indian coast guard karnataka, Latest News

Hyderabad (Telangana) [India], May 12 (/PRNewswire): Woxsen University's School of Business has been conferred the EFMD MBA Program Accreditation ... ...

Mumbai (Maharashtra) [India], May 12 (/PRNewswire): Marathon Group and Ad Realty announced that Monte South, their luxury joint venture ... ...

New Delhi [India], May 12 : The Election Commission (EC) has dismissed the Congress party's claim that the electronic ... ...

New Delhi, May 12 As the enterprises of all sizes stare at talent crunch in new-age technologies, especially ... ...

New Delhi [India], May 12 : Delhi Crime Branch has busted three extortion modules of the Goldy Brar-Lawrence Bishnoi ... ...

New Delhi [India], May 12 (/PNN): Ranjit Smart, one of India's leading male innerwear brands, has launched its new ... ...

New Delhi [India], May 12 : The Supreme Court on Friday will hear the pleas on the Ad-Hindenburg row, ... ...

New Delhi [India], May 12 : Aditya Birla Capital has posted a 35.5 per cent jump in its net ... ...