Aditya Birla Capital

Aditya Birla Capital delivered a strong Q4 FY26 with consolidated PAT (ex-one-offs) up 30% YoYCurrent reported value: 30% YoY. No comparable prior figure is available in the source record. to INR 1,124 croreCurrent reported value: INR 1,124 crore. No comparable prior figure is available in the source record., driven by robust growth across NBFC, HFC, and insurance businesses. NBFC AUM grew 27% YoYCurrent reported value: 27% YoY. No comparable prior figure is available in the source record. to ~INR 1.6 lakh croreCurrent INR 1.6 lakh crore. Reported change: +27% YoY., with retail/MSME contributing 85% of incremental growth. HFC AUM surged 53% YoYCurrent reported value: 53% YoY. No comparable prior figure is available in the source record. to INR 47,452 croreCurrent INR 47,452 crore. Reported change: +53% YoY., with ROA improving to 2.07%. Life insurance VNB margin expanded 260 bps YoYCurrent reported value: 260 bps YoY. No comparable prior figure is available in the source record. to 20.6%Current 20.6%. Reported change: +260 bps YoY., while health insurance combined ratio improved to 103%. Management guided for continued growth leadership, with HFC targeting INR 1 lakh crore AUM in 24-30 months and NBFC aiming for 2.5% ROA. Key risk: potential margin compression from competitive pressures and rising unsecured exposure could offset operating leverage gains.