Views: 1 Author: Site Editor Publish Time: 2019-09-20 Origin: Site
Financial services subsidiary – Aditya Birla Capital Limited (ABCL)
The revenue and net profit after minority interest for Q1FY20 (as reported by ABCL) are at Rs.3,646 crore and Rs.270 crore up by 19 per cent and 27 per cent respectively.
The NBFC Lending book (Incl. housing finance) grew 16 per cent YoY to Rs.61,998 crore (Q1FY20).
The Average Assets Under Management at Rs.2,53,965 crore (Q1FY20) are up 2 per cent YoY.
In Life Insurance business, the Individual First year Premium are up 29 per cent to Rs.322 crore in Q1FY20. The persistency ratios witnessed a consistent improvement, the 13th month persistency ratio improved by 591 bps to 78 per cent in Q1FY20.
In the Health Insurance business, gross written premium increased to Rs.143 crore (Q1FY20), 1.9x over the previous year.