Aditya Birla Money Ltd Share Price – NSE  /  BSE

Stock/ Commodity Brokers, Small Cap

Revenue from operations soared 73.05% year on year to Rs 114.06 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 20.42 crore in the March quarter, up 109.01% from Rs 9.77 crore recorded in the same period a year ago.

Total expenses spiked 57.94% YoY to Rs 95.43 crore during the quarter.

The company's revenue from broking business was at Rs 98.72 crore (up 84.39% YoY) while income from wholesale debt market came in at Rs 13.47 crore (up 16.93% YoY) during the period under review.

On full year basis, the company’s net profit climbed 56.25% to Rs 52.97 crore on 48.38% jump in revenue to Rs 390.19 crore in FY24 over FY23.

Aditya Birla Money (ABML) is a subsidiary of Aditya Birla Capital. The company is a stock broking and capital market products distributor, offering equity and derivative trading through NSE and BSE and currency derivative on MCX-SX and commodities trading through MCX and NCDEX.

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Net profit of Aditya Birla Money rose 123.34% to Rs 16.46 crore in the quarter ended March 2024 as against Rs 7.37 crore during the previous quarter ended March 2023. Sales rose 73.05% to Rs 114.06 crore in the quarter ended March 2024 as against Rs 65.91 crore during the previous quarter ended March 2023.

For the full year,net profit rose 56.25% to Rs 52.97 crore in the year ended March 2024 as against Rs 33.90 crore during the previous year ended March 2023. Sales rose 48.38% to Rs 390.19 crore in the year ended March 2024 as against Rs 262.96 crore during the previous year ended March 2023.

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Aditya Birla Money will hold a meeting of the Board of Directors of the Company on 22 April 2024.

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Revenue from operations stood at Rs 101.30 crore in Q3 FY24, registering a growth of 51.47% from Rs 66.88 crore recorded in the same period a year ago.

Profit before tax jumped 55.44% year on year (YoY) to Rs 18.65 crore during the quarter under review.

Total expenses spiked 41.96% YoY to Rs 83.58 crore during the quarter. Finance costs was at Rs 23.93 crore (up 72.03% YoY) and employee benefits expenses stood at Rs 21.46 crore (up 32.04% YoY) in Q3 FY24.The company's revenue from broking business was at Rs 89.22 crore (up 61.34% YoY) while revenue from wholesale debt market came in at Rs 11.33 crore (up 7.19% YoY).

Aditya Birla Money (ABML) is a subsidiary of Aditya Birla Capital. The company is a stock broking and capital market products distributor, offering equity and derivative trading through NSE and BSE and currency derivative on MCX-SX and commodities trading through MCX and NCDEX.

The scrip declined 1.97% to Rs 137 on the BSE.

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