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Aditya Birla Cap Q2 net up 42% on one-off gain

October 31, 2024

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Business Standard

Aditya Birla Capital on Wednesday reported 42 per cent year-on-year (Y-o-Y) growth in consolidated net profit to ₹1,001 crore in July-September quarter of 2024-25 (Q2FY25) from ₹705 crore in Q2FY24.

- AATHIRA VARIER

Aditya Birla Cap Q2 net up 42% on one-off gain

The growth includes a one-off gain of ₹167 crore accrued from stake sale in Aditya Birla Insurance Brokers.

In August 2024, the company informed the exchanges that it has concluded the 50 per cent sale of its stake in the broking arm to Edme Services Private Ltd, a part of Samara Capital Group and an affiliate of Samara Alternate Investment Fund.

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