Financial services firm Aditya Birla Capital on Wednesday reported a 51 per cent rise in consolidated net profit at Rs 649 crore for April-June 2023-24. The Aditya Birla Group company had logged a net profit of Rs 429 crore in the year-ago period. The Aditya Birla Group company had logged a net profit of Rs 429 crore in the year-ago period.
Total income in the quarter rose to Rs 7,052 crore from Rs 5,599 crore, Aditya Birla Capital said in a regulatory filing. The company's interest income also increased to Rs 3,236 crore from Rs 1,935 crore in the same quarter a year ago. The company's interest income also increased to Rs 3,236 crore from Rs 1,935 crore in the same quarter a year ago.
Total expenses rose to Rs 6,204 crore as against Rs 5,037 crore a year ago. During the quarter, the company raised Rs 3,000 crore from Qualified Institutional Placement (QIP) to fund business growth. During the quarter, the company raised Rs 3,000 crore from Qualified Institutional Placement (QIP) to fund business growth.
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