Aditya Birla Capital Q3 Results: Net Profit Surges 41 Percent to 983 Crore

Aditya Birla Capital reported a consolidated net profit of 983 crore for the December quarter, representing a 41 percent year-on-year increase.

The company's revenue grew by 30 percent year-on-year to reach 14,181 crore during the third quarter.

Private equity major Advent International is set to invest 2,750 crore in growth capital into Aditya Birla Housing Finance.

The total lending portfolio of Aditya Birla Capital expanded by 30 percent year-on-year to reach 1.90 lakh crore.

The shares of Aditya Birla Capital closed 4.16 percent higher at 346.90 apiece following the earnings and capital raise announcement.