Aditya Birla Capital Sees 31% Profit Boost with Rising Interest Income

Aditya Birla Capital reported a notable 31% increase in its consolidated profit for the fourth quarter ending March 31, driven by a rise in interest income.

The financial services powerhouse achieved a profit of Rs 1,129 crore, up from Rs 865 crore in the same period the previous year, while interest income surged to Rs 5,516 crore.

Furthermore, the company witnessed a rise in total revenue from operations, marking Rs 13,459 crore by the end of the March quarter, which contributed to a 13% annual profit increase, reaching Rs 3,764 crore for the entire fiscal year.

(With inputs from agencies.)