Debasis Mohapatra
Bengaluru, 7 March 2026
Aditya Birla Capital (ABCL, leading NBFC from the Aditya Birla Group), is likely to see improvement in its earnings in coming quarters on the back of gaining momentum in its lending, asset management and insurance segments.
“ABCL is entering a structurally stronger earnings phase, supported by synchronized momentum across its lending, asset management, and insurance franchises. The company has demonstrated robust operating execution through FY26YTD (year to date), with broad-based improvement in growth, asset quality, and profitability across its core businesses,” brokerage firm, Motilal Oswal said in a report.
The brokerage report said that portfolio recalibration within NBFC business is now largely behind the company.
“We expect the contribution of the P&C (personal & consumer) book to continue rising, which should act as a key lever for margin expansion as the portfolio mix normalizes and yields improve,” the report said.
The company has successfully pivoted toward high-growth retail and MSME segments, it added.
“With its core platforms scaled, growth engines firing across segments, and a sizeable addressable opportunity across retail, MSME, and insurance markets, the company is well-positioned to transition into its next phase of disciplined, scalable, and profitability-led expansion,” the report said.
The brokerage house further noted that recent capital infusion into ABCL’s housing finance subsidiary augurs well for the future growth.
“With the housing finance subsidiary well capitalized following the recent equity infusion from Advent International, and with steady expansion in AMC and insurance profitability, ABCL is well positioned for sustained earnings compounding over the next two years,” the report said.
Aditya Birla Capital reported a 33 per cent rise in its net profit to Rs 945 crore compared to Rs 708 crore reported in the year ago period during Q3 of FY26. The company’s revenue from operations stood at Rs 11,952 crore during the third quarter, up 27% over Rs 9,381 crore reported a year ago.
