Aditya Birla Finance Limited

Aditya Birla Finance Limited, is a non-deposit taking, systemically important NBFC registered with the RBI. They offer end-to-end lending, financing and wealth services to retail, HNI, ultra HNI, micro, small and medium enterprises ('MSME'), small and medium enterprises ('SME') and corporate customers. As of June 30, 2023, they had total loans outstanding of Rs 85,778.5 crore. They had 332 branches and 59,14,504 customers as of June 30, 2023.  As at June 30, 2023, the loan book stood at Rs 85,778.5 crore. As at June 30, 2023, the net interest income (including fee income) was Rs 1,433.0 crore with the net interest margin at 7.0%. While the revenue from operations has increased at an year-on-year growth of 5.0% from Rs 5,511.5 crores for the Financial Year ended 2021 Rs 5,784.9 crores for the Financial Year ended 2022 and at an year-on-year growth of 42.4% to Rs 8,236.9 crores for the Financial Year ended 2023, the profit after tax increased at year-on-year growth of 44.2% from Rs 768.8 crores for the Financial Year ended 2021 to Rs 1,108.3 crores for the Financial Year ended 2022 and at an year-on-year growth of 40.2% to Rs 1,553.8 crores. The loan book grew from Rs 48,618.3 crores as at March 31, 2021 to Rs 80,452.3 crore, as at March 31, 2023 at a CAGR of 28.6%.  Company has shown good growth and ratings are IND AAA Outlook Stable by India Ratings and ICRA AAA (Stable) by ICRA, which will be considered good, coupon rates are good and industry is also showing good growth. So we give SUBSCRIBE rating to this debt offer.

• 1 Thomas John Muthoot
• 2 Thomas George Muthoot
• 3 Thomas Muthoot