Aditya Birla Capital (ABCAPITAL) Q4 24/25 earnings summary

Executive summary

• Consolidated revenue for FY25 rose 20% year-on-year to INR 47,369 crore; profit after tax (excluding one-offs) was INR 3,142 crore, up 8% year-on-year.

• Lending portfolio grew 27% year-on-year to INR 1,57,404 crore; total AUM increased 17% to INR 5,11,260 crore.

• Life insurance AUM crossed INR 1 lakh crore; gross premium for FY25 was INR 25,579 crore, up 22% year-on-year.

• Successfully completed the amalgamation of Aditya Birla Finance with Aditya Birla Capital, consolidating lending and investment businesses.

• Strong digital adoption and omnichannel architecture enhanced customer engagement and operational efficiency.

Financial highlights

• NBFC segment Q4 PAT up 11% year-on-year and 9% sequentially to INR 652 crore; ROA at 2.27% for FY25.

• HFC AUM grew 69% year-on-year to over INR 31,000 crore; Q4 disbursements at record INR 5,820 crore, up 98% year-on-year.

• Asset management business average AUM up 15% year-on-year to INR 3.81 trillion; FY25 PAT up 19% to INR 931 crore.

• Life insurance individual first-year premium up 34% year-on-year; VNB margin at 18%, VNB up 17% to INR 818 crore.

• Health insurance GWP up 33% year-on-year (42% excluding multi-year guidelines); achieved first full-year profit.

Outlook and guidance

• NBFC portfolio expected to grow at 25% CAGR over next three years, with gradual ROA expansion.

• HFC aims for ROA of 2%-2.2% in 8-10 quarters, leveraging operating scale and efficiency.

• Life insurance targets 20%-25% CAGR in individual FYP and VNB margin expansion above 18% over three years.

• Health insurance to maintain high growth and target combined ratio of 100% at the earliest.

• Focus on scaling retail franchise, digital platforms, and alternative assets in AMC; health insurance to expand digital health-first model.