Aditya Birla Capital (ABCAPITAL) Q4 25/26 earnings summary

Executive summary

• Consolidated profit after tax (excluding one-offs) rose 30% year-on-year to INR 1,124 crore in Q4 FY26; full-year profit up 21% to INR 3,797 crore, with consolidated revenue up 14% to INR 53,871 crore.

• Total lending portfolio grew 32% year-on-year to INR 2,07,368 crore, and total AUM increased 16% to INR 5,91,343 crore.

• Strong growth across NBFC, HFC, insurance, and asset management businesses, with market share gains and improved profitability.

• Equity fundraise of INR 2,750 crore in housing finance from Advent International completed in April 2026.

• Strong digital adoption and AI integration across business lines enhanced productivity, customer engagement, and operational efficiency.

Financial highlights

• NBFC disbursements up 28% year-on-year to INR 24,950 crore in Q4 FY26; HFC disbursements up 37% to INR 7,980 crore; NBFC AUM up 27% to INR 1,59,916 crore; HFC AUM up 53% to INR 47,452 crore.

• Life insurance individual first year premium up 15% year-on-year; net VNB margin expanded to 20.6%.

• Health insurance gross written premium up 39% year-on-year to INR 6,855 crore; market share increased to 13.7%.

• AMC quarterly average mutual fund AUM up 14% year-on-year to INR 4,35,866 crore; operating profit up 11% to INR 1,051 crore.

• Standalone profit after tax for FY26 was INR 3,109 crore; standalone revenue from operations was INR 17,473 crore.

Outlook and guidance

• Focus on accelerating growth in prime and affordable segments, expanding digital capabilities, and deepening market penetration in Tier 2, 3, and 4 cities.

• NBFC expects margin expansion of 25-30 bps as unsecured and personal loan mix increases; credit cost guidance remains at 1.1%-1.2%.

• HFC targets ROA of 2.1%-2.2% and AUM of INR 1 lakh crore in 24-30 months.

• Life insurance aims for 20%+ CAGR in individual FYP over next three years, maintaining VNB margins in 18%-20% range.

• Emphasis on scaling alternative assets, expanding passive business, and leveraging digital platforms for distribution.