Aditya Birla Capital Q1 FY26: PAT up 10%, revenue 10% YoY

Stock snapshot and why the quarter mattered

Aditya Birla Capital Ltd (ABCL) reported a year-on-year rise in consolidated profit for the first quarter ended June 2025, supported by growth across its lending and asset management-linked businesses. The update came alongside multiple reported revenue figures in filings and presentations, reflecting different reporting views used by the company.

On the market side, ABCL was trading near the ₹401 level in early July 2026. On the BSE, the stock was quoted at ₹401.30, up 2.18%, while on the NSE it was at ₹401.25, up 2.11%, as per the prices cited with an update time of Friday, 3 July 2026. The same data set also showed an intraday range of ₹394.55 to ₹405.15 and a 52-week range of ₹244.00 to ₹399.35.

Q1 FY26 headline: profit rises 10% year-on-year

For Q1 FY26, Aditya Birla Capital reported consolidated net profit of INR 835.08 crore, up 10.03% year-on-year from INR 758.84 crore. Separately, it was also described as a 10% rise in profit to INR 835 crore on a consolidated basis for the quarter ended June 2025.

The company’s regulatory filing referenced a rise in consolidated total income to INR 9,531 crore for the April-June period, compared with INR 8,719 crore in the year-ago period. Total expenses were reported at INR 8,460 crore, compared with INR 7,756 crore in the corresponding year-ago period.

In another set of reported numbers, revenue from operations was stated at INR 9,502.69 crore in Q1 FY26, up 9.58% year-on-year from INR 8,672.60 crore.

Multiple revenue disclosures: what was reported

Alongside statutory-style income and revenue from operations, the company also communicated “consolidated revenue” in its results highlights and presentation. In that disclosure, consolidated revenue1 was reported at INR 11,333 crore for Q1 FY26, up 10% year-on-year. The same communication stated consolidated operating profit of INR 1,406 crore, up 13% year-on-year, and consolidated profit after tax of INR 835 crore, up 10% year-on-year.

The material also carried a note that for Ind AS statutory reporting purposes, certain businesses such as asset management, wellness, and health insurance are not consolidated and are included under equity accounting. This helps explain why different revenue lines were cited in the information provided.

Lending portfolio growth: NBFC and HFC scale-up

ABCL reported a strong expansion in its overall lending portfolio (NBFC and HFC). The overall lending portfolio was stated at INR 1,65,832 crore as on June 30, 2025, up 30% year-on-year and up 5% quarter-on-quarter.

A separate disclosure in the broader context also stated that the total lending portfolio crossed INR 2,00,000 crore, with a 32% year-on-year change. This figure was presented as part of Q4 FY26 and FY26 highlights.

Within Q1 FY26 business metrics, the company reported NBFC disbursements of INR 15,851 crore, up 18% year-on-year. It also stated personal and consumer loans disbursement at INR 3,947 crore, up 65% year-on-year.

Asset management and insurance: AUM and premium trends

ABCL’s total assets under management (AUM), covering AMC, life insurance and health insurance, rose 20% year-on-year to INR 5,53,504 crore as on June 30, 2025.

In Q1 FY26, mutual fund quarterly average AUM was reported at INR 4,03,479 crore, up 14% year-on-year. The company also reported life insurance individual first year premium at INR 795 crore, up 23% year-on-year, and health insurance gross written premium at INR 1,357 crore, up 30% year-on-year.

In the Q3 FY26 context provided, ABCL reported total AUM of INR 5,98,166 crore as on December 31, 2025, up 19% year-on-year. It also cited life insurance individual first-year premium of INR 3,076 crore in 9MFY26 and health insurance gross written premium of INR 4,651 crore in 9MFY26.

Quarterly financial line items: operating income and expenses

The quarterly results table (figures in INR crore) showed the following for the fiscal period “Jun 25” versus “Mar 26”, with a note that the comparison is on a quarter-on-quarter basis:

• Total revenue: INR 9,348.79 crore (Jun 25) versus INR 13,338.17 crore (Mar 26)
• Net income: INR 835.08 crore (Jun 25) versus INR 1,129.16 crore (Mar 26)
• Operating income: INR 3,625.18 crore (Jun 25) versus INR 4,345.67 crore (Mar 26)
• Total operating expense: INR 5,723.61 crore (Jun 25) versus INR 8,992.50 crore (Mar 26)

It also listed net income before taxes at INR 1,178.39 crore (Jun 25) versus INR 1,559.49 crore (Mar 26), and diluted normalized EPS at 4.34 (Jun 25) versus 5.30 (Mar 26).

Key numbers table (all amounts in INR crore)

Other updates: ESOP-linked grant

Separately, ABCL announced the grant of 2,48,499 performance stock units to an eligible employee under the Aditya Birla Capital Employee Stock Option and Performance Stock Unit Scheme 2022.

Risk and segment notes highlighted in disclosures

The information provided also flagged that uncertainties persisted in the smaller ticket size unsecured MSME segment, leading to a cautious approach. It stated that disbursement in unsecured loans to SMEs grew by 1% year-on-year and declined 8% sequentially.

The unsecured SME business loans portfolio was described as about 9% of the overall NBFC portfolio, with some stress observed. A gross stage 3 ratio of 5.4% was cited for the unsecured business loans segment. Separately, the health insurance business reported a net loss of INR 36 crore under new accounting norms.

Market impact and reported price reactions

A reported trading reaction after the results release stated that ABCL shares closed 11% up at ₹279.1 on the BSE. In a later market snapshot cited in the same data set, the stock was around ₹401 on both BSE and NSE on July 3, 2026, with the 52-week band cited as ₹244.00 to ₹399.35.

These price points reflect different dates and contexts in the information provided, but together they indicate that results updates and broader business momentum were closely tracked by the market.

Conclusion

Aditya Birla Capital’s Q1 FY26 update showed a 10% year-on-year rise in consolidated profit to about INR 835 crore, alongside growth in its lending book to INR 1,65,832 crore and AUM to INR 5,53,504 crore. The company’s disclosures also carried segment-level details on disbursements, premiums, and risk pockets in unsecured MSME lending. Investors will likely continue to watch subsequent quarterly filings and business metrics, including lending portfolio trends, AUM movement, and insurance profitability disclosures.