Aditya Birla Financial Services Group Q3 FY14 results

 

 

Aditya Birla Financial Services Group Q3 FY14 results

 

Mumbai, February 13, 2014: Aditya Birla Financial Services Group (ABFSG) is the financial services arm of Aditya Birla Group. ABFSG is a significant non—bank, with strong presence across the life insurance, asset management, equity/currency/commodity broking, general insurance broking, Online Money Management, NBFC, private equity, project and structured finance and wealth management and distribution. 

Key Highlights for Q3 FY14: 

With funds under management of Rs. 117,278 Crore (recording a growth of 10% y-o-y), ABFSG ranks among the top 5 fund managers in India, excluding LIC.

ABFSG has posted a revenue of Rs.1,475 Crore and earnings before tax of Rs. 184 Crore during the quarter. It generated ROACE of 27% per annum.

Birla Sun Life Asset Management, the asset management business of ABFSG is the 4^th largest asset management company in India, with a market share of 9.7%. Its average AUM is up by 12% to Rs. 92,611 Crore.

The lending book of Aditya Birla Finance expanded by 56% to about Rs.10,100 Crore as on 31^st December 2013. To support its growth, a share capital of Rs. 250 Crore was infused during nine months, taking its net worth to Rs.1,448 Crore.

For more information please contact:

Atul Malikram

9827092823

[email protected]