Aditya Birla Capital’s Q4 Profit Crosses ₹1,100 Crore, Lending Book Tops ₹2 Lakh Crore
Aditya Birla Capital posted a strong Q4 FY26 with net profit rising 31% YoY to ₹1,129 crore. Lending book crossed ₹2 lakh crore, AUM touched ₹5.91 lakh crore.
By News4Bharat | 2026-05-04T16:23:16.300775+05:30
Key Summary
- Net profit rose 31% YoY to ₹1,129 crore in Q4 FY26.
- Consolidated revenue grew strongly, supported by lending, insurance and asset management businesses.
- Overall lending portfolio crossed ₹2.07 lakh crore, while total AUM reached ₹5.91 lakh crore as of March 31, 2026.
Aditya Birla Capital has ended FY26 on a strong note, with its March quarter numbers reflecting broad-based growth across lending, insurance, asset management and digital platforms.
The company reported a sharp rise in profitability for Q4 FY26, supported by strong lending growth, higher insurance premiums, expansion in assets under management and increasing traction on its digital platforms.
Also Read: SK Finance Q4 Results: Reports ₹431 Crore PAT in FY26, AUM Rises to ₹15,755 Crore
What Q4 FY26 Looked Like
- Net Profit — ₹1,129 crore in Q4 FY26, up 30.6% YoY from ₹864 crore in Q4 FY25. First time consolidated PAT has crossed the ₹1,100 crore mark in a single quarter.
- Revenue from Operations — ₹13,459 crore in the quarter, a 10.19% YoY jump from ₹12,214 crore a year ago.
- Full Year Revenue — ₹53,871 crore in FY26, up 14% YoY — a clean, broad-based growth number.
- Full Year PAT — ₹3,797 crore for FY26, up 21% YoY. Consistent. Not a one-quarter wonder.
Lending Book Crosses ₹2 Lakh Crore
- The combined lending portfolio — covering both the NBFC and Housing Finance Company arms — hit ₹2,07,368 crore as of March 31, 2026.
- That's a 32% jump YoY and a 9% rise sequentially (quarter-on-quarter).
- Crossing the ₹2 lakh crore mark in total lending is not a small thing for a financial services company that is not a traditional bank. It signals that borrowers and businesses are increasingly looking at ABC as a credible alternative to conventional banking for credit.
Breaking Down the Business — Segment by Segment
1. NBFC (Non-Banking Finance)
- Disbursements in Q4 alone grew 28% YoY and 16% sequentially to ₹24,947 crore — which means they're not just sitting on an old book, they're actively pushing out fresh credit.
- AUM crossed ₹1,59,916 crore, up 27% YoY.
- Profit before tax came in at ₹1,106 crore for the quarter, up 26% YoY. For the full year FY26, it was ₹4,023 crore — up 20%.
- Asset quality held up. Gross Stage 2 and 3 ratio improved by 136 basis points YoY to 2.42%. That's the number that tells you how much of the loan book is stressed — and it's getting better, not worse.
2. Housing Finance
- This is arguably the fastest-moving arm of the entire company right now.
- AUM surged 53% YoY to ₹47,452 crore. That's not a typo — 53%.
- Disbursements in Q4 rose 37% YoY and 29% sequentially to ₹7,977 crore.
- Profit before tax more than doubled YoY to ₹255 crore in Q4, and grew 98% for the full year to ₹832 crore.
- Gross Stage 2 and 3 ratio improved to 0.76% — a very healthy number for a housing finance book.
- In April 2026, the company concluded a fresh equity fund raise of ₹2,750 crore in Aditya Birla Housing Finance from global PE firm Advent International. That capital infusion signals confidence from serious institutional money.
3. Mutual Fund (AMC Business)
- Mutual fund quarterly average AUM grew 14% YoY to ₹4,35,866 crore.
- Equity QAAUM — the part that generates the most revenue — grew 17% YoY to ₹1,97,374 crore.
- Individual monthly average AUM grew 8% YoY to ₹1,99,373 crore.
- Operating profit for the full year came in at ₹1,051 crore, up 11% YoY.
- One number that signals retail trust — the number of folios (individual investor accounts) serviced reached 1.1 crore, up 3% YoY.
4. Life Insurance
- Individual First Year Premium — the most watched number in any life insurance business — grew 15% YoY to ₹4,725 crore in FY26.
- Group new business premium rose 31% YoY to ₹7,314 crore.
- Renewal premium — the number that tells you how many existing customers are staying — grew 17% YoY to ₹12,190 crore.
- Net Value of New Business (VNB) margin expanded by 260 basis points to 20.6% — this is the profitability marker for the insurance business and it's heading in the right direction.
- Absolute net VNB grew 29% YoY to ₹1,055 crore.
5. Health Insurance
- This is the standout story inside the insurance business.
- Gross written premium grew 39% YoY to ₹6,855 crore in FY26. That is the fastest growth rate across all of ABC's verticals.
- Market share in the standalone health insurer category rose 110 basis points to 13.7% — meaning ABC is actively taking share from rivals.
- Combined ratio improved from 105% in FY25 to 103% in FY26 — a lower combined ratio means the insurance business is becoming more operationally efficient.
The Digital Play — ABCD Platform and Udyog Plus
Two businesses that don't make headlines as often, but are quietly becoming important:
- ABCD (Direct-to-Consumer platform) — Crossed 1.1 crore customer acquisitions as of March 31, 2026. It offers over 26 financial products including loans, insurance, payments, and investments — all under one app. Think of it as Birla's answer to the fintech revolution.
- Udyog Plus (MSME platform) — Hit 24 lakh registrations and an AUM of ₹5,814 crore. Offers digital, paperless business loans and supply chain financing to small businesses. Given that MSME credit remains one of the most underserved areas in Indian finance, this one is worth tracking closely.
Aditya Birla Capital’s Q4 performance shows that the company is not relying on one business line for growth. Lending, housing finance, mutual funds, life insurance, health insurance and digital platforms all contributed to the overall momentum.
The numbers also indicate a clear push toward becoming a larger integrated financial services player, with strong focus on retail customers, MSMEs, smaller towns and digital-first financial services.
The company's performance reflects scaling on multiple fronts at the same time. The crossing of the ₹2 lakh crore lending portfolio mark is a major milestone, while the growth in insurance, AMC and digital customer acquisition shows that the company is building a broader financial ecosystem.
The real story here is not just the rise in profit, but the speed at which the company is expanding across credit, insurance, investments and digital finance.