Any current/future new fundraising through debt or equity?

The company infused Rs. 850 crore of equity capital into its NBFC subsidiary during Q3 FY24 to support growth. Out of Rs. 3,000 crore capital raised last year, around Rs. 1,600 crore has been infused into Aditya Birla Finance Limited (ABFL), with Rs. 1,400 crore remaining to be infused over the next 12 months. No immediate capital requirement is expected for the health insurance business due to Rs. 700 crore primary capital raised last year. The plan is to provide required capital for lending businesses over the next year, which should suffice till the closure of FY25. Further capital deployme

Any current/future capex/capital investment/strategic investment?

The company plans capital infusion primarily into lending businesses over the next year, with existing raised capital (Rs. 3,000 crores) being deployed — about Rs. 1,600 crores already infused into Aditya Birla Finance Limited (ABFL), and Rs. 1,400 crores remaining for further infusion. No immediate capital requirement is expected for the health insurance business due to a recent primary capital raise of Rs. 700 crores from ADIA. Post FY25, the company will evaluate capital deployment for the next 2-3 years based on business progress. On strategic investments, the launch of the omni-chan

Future growth expectations in sales/revenue/volumes?

Overall consolidated revenue grew by 29% YoY in Q3 FY24, indicating strong growth momentum. Lending portfolio across NBFC and HFC grew by 34% YoY and 6% sequentially, with a focus on retail and SME segments expected to continue driving growth. Health Insurance business showed robust 29% YoY growth in gross written premium for 9 months, with a 43% YoY growth in Q3, projecting continued strong growth. Life Insurance business growing steadily, with 8% growth in individual first-year premium and stable net VNB margins; new bank tie-ups and corporate partnerships expected to boost future sales. NBF

Future growth expectations in earnings/operating earnings/profits/EPS?

Consolidated profit after tax grew 39% YoY to Rs. 736 crore in Q3 FY24, showing strong momentum. Net loss in some segments (e.g., insurance) is seasonal, with expectations of profitability improvement and full year losses lower than last year. NBFC business aims to double portfolio in next 3 years, focusing on granular, secured retail and SME segments to improve ROA (currently ~2.48%) and ROE. Lending businesses expect capital infusion through FY25, with continued investment planned for next 2-3 years. Housing Finance business shows strong disbursement growth (45% YoY) with improving asset qua

Aditya Birla CapQ3 FY24Finance

Aditya Birla Cap Q3 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹375P/E: 26.5Market Cap: ₹1.1L CrSector: Finance

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Overall consolidated revenue grew by 29% YoY in Q3 FY24, indicating strong growth momentum.
Lending portfolio across NBFC and HFC grew by 34% YoY and 6% sequentially, with a focus on retail and SME segments expected to continue driving growth.
Health Insurance business showed robust 29% YoY growth in gross written premium for 9 months, with a 43% YoY growth in Q3, projecting continued strong growth.
Life Insurance business growing steadily, with 8% growth in individual first-year premium and stable net VNB margins; new bank tie-ups and corporate partnerships expected to boost future sales.
NBFC business plans to double loan book in next three years, focusing on secured lending and diversified distribution channels.
Digital initiatives and product innovations across businesses will support volume growth and revenue expansion.
Strong market share gains in housing finance and health insurance signal further growth opportunities ahead.

Margin guidance

Category 3

Consolidated profit after tax grew 39% YoY to Rs. 736 crore in Q3 FY24, showing strong momentum.
Net loss in some segments (e.g., insurance) is seasonal, with expectations of profitability improvement and full year losses lower than last year.
NBFC business aims to double portfolio in next 3 years, focusing on granular, secured retail and SME segments to improve ROA (currently ~2.48%) and ROE.
Lending businesses expect capital infusion through FY25, with continued investment planned for next 2-3 years.
Housing Finance business shows strong disbursement growth (45% YoY) with improving asset quality and RoA of 2.01%, RoE of 14.58% in Q3 FY24.
Health Insurance business saw 29% YoY growth in premiums; focus on diversified product portfolio to drive profitability.
Digital initiatives and data analytics underpin sustained growth and margin improvement.
Overall, the company anticipates sustainable profitable growth across segments with continued operational efficiencies.

See what Aditya Birla Cap management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company infused Rs. 850 crore of equity capital into its NBFC subsidiary during Q3 FY24 to support growth.
Out of Rs. 3,000 crore capital raised last year, around Rs. 1,600 crore has been infused into Aditya Birla Finance Limited (ABFL), with Rs. 1,400 crore remaining to be infused over the next 12 months.
No immediate capital requirement is expected for the health insurance business due to Rs. 700 crore primary capital raised last year.
The plan is to provide required capital for lending businesses over the next year, which should suffice till the closure of FY25.
Further capital deployment for the following 2-3 years will be evaluated based on business conditions.
Fundraising efforts for ABSL India Special Opportunities Fund (CAT III AIF) and ABSL Structured Opportunities Fund (CAT II AIF) are underway, with closings expected in the next six months.

Order book

The provided transcript pages from the Aditya Birla Capital Q3 FY24 Earnings Call do not contain explicit information about the current or expected order book or pending orders. The discussion primarily focuses on financial performance, business segments, digital initiatives, risk management, sourcing mix, and forward-looking statements. There is no mention of order book status or pending orders in the content of the transcript.

See what Aditya Birla Cap management said on order book — free account, 30 seconds.

Capex plans

Yes

The company plans capital infusion primarily into lending businesses over the next year, with existing raised capital (Rs. 3,000 crores) being deployed — about Rs. 1,600 crores already infused into Aditya Birla Finance Limited (ABFL), and Rs. 1,400 crores remaining for further infusion.
No immediate capital requirement is expected for the health insurance business due to a recent primary capital raise of Rs. 700 crores from ADIA.
Post FY25, the company will evaluate capital deployment for the next 2-3 years based on business progress.
On strategic investments, the launch of the omni-channel digital lending platform "Finverse," with 35+ microservices and 120+ APIs, is a key digital capital investment, aiming to improve credit assessment and customer experience.
Capital and technology investments also continue in digital health and wellness ecosystems, including a newly added face scan-based health assessment feature and advanced analytics for underwriting and customer engagement.

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