Q3 Results Ne Machaya Dhamal!
Aditya Birla Capital (AB Capital) ne apne latest Q3 results se sabko chaukane wala kaam kar diya hai. Company ka consolidated profit after tax 28.7% badh kar ₹772 crore ho gaya hai, jo pichhle saal isi quarter mein ₹600 crore tha. Iss toofani tezi ke peeche company ka net interest income bhi 22.7% badh kar ₹2,127 crore ho gaya aur pre-provision operating profit (PPOP) 22.2% upar ₹1,458 crore pahunch gaya. Haalanki, net interest margins (NIMs) thoda sa 6.12% tak badha, aur return on assets (ROA) bhi 2.25% ho gaya.
Business Ke Saare Segments Mein Dumdaar Performance
Waise toh company ka overall Assets Under Management (AUM) 24% year-on-year jump karke ₹1.48 lakh crore par pahunch gaya hai. Lekin sabse mazedaar baat hai housing finance business, jiska AUM 48% tez hokar ₹42,000 crore ho gaya, aur iska ROA bhi sudhar kar 1.96% ho gaya. Asset Management (AMC) business ne bhi 11% growth dikhaya, jiska domestic AUM ab ₹4.43 lakh crore hai. Life insurance ki baat karein toh VNB margins 14.6% par pahunche hain, aur health insurance ka combined ratio 111% raha aur market share 14.2% ho gaya.
Advent International Ka Bada Invest, Housing Arm Ki Kaise Karega Madad?
Ab sabse badi khabar yeh hai ki Aditya Birla Capital ki housing finance subsidiary, Aditya Birla Housing Finance Limited (ABHFL), mein ₹2,750 crore ka ek bada capital infusion hone wala hai. Yeh paisa Indriya Limited se aa raha hai, jo global private equity firm Advent International se judi hai. Is deal ke baad ABHFL ka valuation ₹19,250 crore ho jayega aur Advent International 14.3% stake kharid lega. Yeh investment ABHFL ko market mein aur tezi se failne aur apne balance sheet ko mazboot karne mein madad karega. Management ka target hai ki agle 4-5 quarters mein ROA 2.5% tak pahunch jaye.
Market Kehta Kya Hai?
Indian financial services sector waise bhi zoron par hai, aur NBFCs toh saalana 16% ki speed se badhne wale hain. AB Capital ka market cap ab ₹87,000-₹90,000 crore ke aas-paas hai, aur TTM P/E ratio 25-28x chal raha hai. Yeh competitors jaise Bajaj Finance (P/E 36x) aur Shriram Finance (P/E 20x) ke mukable mein fit baithta hai. Analysts bhi is stock par bullish hain aur inka kehna hai ki yeh ₹360-₹390 tak ja sakta hai. Pichhle saal toh stock 107% se zyada bhaga hai, jo dikhata hai ki investors ko company ke future par pura bharosa hai. Aaj toh Advent International ke capital infusion ki news ne stock mein aur jaan daal di hai.