Shares of Aditya Birla Capital were trading 1.04 per cent higher at ₹373.30 on Monday morning, touching an intraday high of ₹374.65, after the diversified financial conglomerate reported a strong second-quarter result on Friday. The stock has gained 15.16 per cent over the past year, though it remains nearly 13 per cent below its 52-week high of ₹430.70 hit in August 2026.
Motilal Oswal Financial Services and JM Financial retained Buy ratings on the counter. Motilal Oswal set a target price of ₹475, implying upside of around 27 per cent from current levels, while JM Financial pegged its target at ₹450, a circa 21 per cent premium. JM Financial analyst Ajit Kumar noted that standalone PAT came in 9 per cent above estimates, driven by margin improvement, stronger-than-expected core fee income, lower operating expenses and a sharper-than-forecast fall in credit costs.
On the results, Aditya Birla Capital’s consolidated revenue grew 31 per cent y-o-y to approximately ₹165 billion in Q2FY27, while consolidated profit after tax climbed 38 per cent y-o-y to around ₹12.9 billion. The overall lending book across NBFC and housing finance expanded 32 per cent y-o-y and 7 per cent sequentially to roughly ₹2.34 trillion.
Within businesses, the NBFC arm’s loan book rose 26 per cent y-o-y to ₹1.77 trillion, though net interest margin dipped seven basis points sequentially to around 6.0 per cent on higher borrowing costs. Return on assets improved to 2.45 per cent. Housing finance AUM surged 50 per cent y-o-y to ₹574 billion. Asset quality strengthened across both lending arms, with gross stage 2 and stage 3 assets declining 12 basis points quarter-on-quarter to 2.31 per cent in the NBFC book, while credit costs fell to a seven-year low of 0.92 per cent.
Management disclosed that the company raised its NBFC benchmark lending rates by 25 basis points effective October 26, covering roughly 70 per cent of its floating-rate portfolio, while the housing arm lifted its prime lending rate by 20 basis points from November 1.
The gold loan vertical, launched in August 2026, crossed ₹2 billion in AUM through 70 branches within 70 days, with management targeting 200–300 branches by March 2027.
At 11.25 am, approximately 18.49 lakh shares had changed hands on the NSE, with buy orders at 47.73 per cent of total volume.
Published on November 2, 2026
