External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Aditya Birla Capital Ltd / Equity Bottom-Up

<ul><li>Aditya Birla Capital Limited (ABCL) reported a decent set of numbers with reported PAT at INR 7.36bn for Q3FY25, lower 4% YoY and 15% QoQ (vs. adjusted PAT of INR 8.34bn in Q2FY25).</li><li>AUM growth was calibrated in the NBFC segment at 4% QoQ/21% YoY, while the HFC business continues its strong growth momentum with 15% QoQ/62% YoY AUM growth.</li><li>RoA for the NBFC business fell to 2.10% vs. 2.34% QoQ and 2.41% YoY, while RoA for HFC business fell to 1.42% vs. 1.53% QoQ and 2.01% YoY, largely due to margin headwinds for both the entities.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Aditya Birla Capital Limited (ABCL) reported a decent set of numbers with reported PAT at INR 7.36bn for Q3FY25, lower 4% YoY and 15% QoQ (vs. adjusted PAT of INR 8.34bn in Q2FY25).AUM growth was calibrated in the NBFC segment at 4% QoQ/21% YoY, while the HFC business continues its strong growth momentum with 15% QoQ/62% YoY AUM growth.RoA for the NBFC business fell to 2.10% vs. 2.34% QoQ and 2.41% YoY, while RoA for HFC business fell to 1.42% vs. 1.53% QoQ and 2.01% YoY, largely due to margin headwinds for both the entities.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aditya Birla Capital - Lending Business Margins Under Pressure