CDSL's profit grew by 24% in the second quarter to 173 crore rupees amid a 7.5 million rise in dematerialized accounts

Aditya Birla Capital reported a significant increase in consolidated net profit of 38% year-on-year, reaching 1,288 crore rupees for the quarter from July to September of the fiscal year 2026-27 (Q2FY27). This growth is attributed to the active development of the lending business, with higher revenues demonstrated by both the non-banking financial institution (NBFC) division and the housing finance division.

For the reporting quarter, the revenue of the financial company's consolidated segment increased by 31% year-on-year, amounting to 16,545 crore rupees. Specifically, the lending business, excluding housing finance, recorded a profit growth of 41% to 1,008 crore rupees, while Aditya Birla Housing Finance showed an increase of 73% to 335 crore rupees.

The Assets Under Management (AUM) of the NBFC grew by 26.5% year-on-year, reaching 1.77 trillion rupees as of the end of September. Meanwhile, net interest income, including commission receipts, increased by 24.7%, totaling 2,488 crore rupees.

Growth was observed across all segments of the loan portfolio. Business loans increased by 30% year-on-year to 1.01 trillion rupees, while consumer and personal loans grew by 37% to 24,955 crore rupees. Corporate and medium-term loans increased by 15% to 50,483 crore rupees.

The total volume of loans disbursed by the NBFC in Q2FY27 rose by 12% year-on-year to 24,708 crore rupees. Disbursement in the secured business loan segment increased by 22% to 9,737 crore rupees, and disbursement of personal and consumer loans grew by 18% to 5,877 crore rupees.

Furthermore, the NBFC improved its metrics for Stage 2 and Stage 3 assets, which stood at 2.31% (an improvement of 72 basis points year-on-year and 12 basis points sequentially). Return on assets was 2.45%.

Aditya Birla Housing Finance also demonstrated strong growth: profit increased by 73% year-on-year to 335 crore rupees. Its AUM grew by 50% to 57,373 crore rupees, and return on assets was 2.12%. Metrics for Stage 2 and Stage 3 assets improved by 45 basis points year-on-year, reaching 0.65%.

Among other areas, life insurance increased profit by 27% to 85 crore rupees. The company's presentation contains discrepancies regarding the individual first-year premium: the detailed table indicates 1,729 crore rupees for Q2FY27 versus 1,173 crore rupees the previous year, whereas the summary report states the first half-year premium at 2,342 crore rupees, which is 25% higher compared to last year. These figures require verification with the company before publication. For the first half of the year, the total gross premium reached 12,656 crore rupees compared to 8,941 crore rupees in the same period last year.

In asset management business, profit after tax was 221 crore rupees in Q2FY27, a decrease of 8% year-on-year. Average assets under management in the country grew by 4% quarter-on-quarter year-on-year, and average equity market assets under management grew by 9%.

Profit from medical insurance fell by 74% year-on-year, amounting to 27 crore rupees compared to 105 crore rupees in the quarter a year ago. For the first half of FY27, the business reported a gross insurance premium of 4,543 crore rupees, which is 48% higher year-on-year. The combined operating ratio for the first half of FY27 was 106.5%, compared to 103.1% the previous year.

The company's consolidated profit after tax for the first half of FY27 reached 2,462 crore rupees, exceeding 1,772 crore rupees for the corresponding period last year.

Havells India, a manufacturer of consumer electrical goods, reported on Thursday a year-on-year growth of consolidated net profit by 9.72%, reaching 349.22 crore rupees for the September quarter of fiscal year 27. This growth was driven by an increase in revenue.

According to Havells India's regulatory filings, in the July-September period of the previous year, the company recorded a consolidated net profit of 318.28 crore rupees. In the September quarter of fiscal year 27, the company's operating revenue increased by 34.57%, amounting to 6,432 crore rupees, compared to 4,779.33 crore rupees in the same period last fiscal year.

Havells' total expenses amounted to 5,991.98 crore rupees, which is 34.47% higher than the previous year. Chairman and Managing Director Anil Rai Gupta noted that the second quarter demonstrated strong business performance, including revenue growth of about 35% year-on-year and EBITDA growth of about 30%, despite stable demand amidst inflation.

Despite ongoing macroeconomic uncertainties, Anil Rai Gupta expressed optimism regarding the upcoming festive season. In the September quarter, Havells' switchgear business segment showed a revenue growth of 31.3% to 782 crore rupees. This growth was supported by increased domestic demand and the recovery of exports after disruptions in June.

The cables segment demonstrated impressive revenue growth of 47.9%, reaching 2,999 crore rupees. The growth was ensured by price increases related to raw materials, as well as a shift in the product portfolio towards larger cables. Revenue from lighting fixtures and lamps increased by 7% to 449 crore rupees due to improved demand and price stabilization.

The Consumer Electrical Goods (ECD) segment increased revenue by 10.7%, reaching 1,072 crore rupees, with growth observed across all product categories. Havells' renewable energy business continued to scale rapidly, doubling its revenue to 329 crore rupees in the September quarter, reflecting the expansion of this area. Lloyd Consumer, a consumer goods division acquired by Havells in 2017, increased revenue by 28.4% to 615 crore rupees due to increased sales volume and price hikes.

Havells India' total revenue, including other income, stood at 6,464.60 crore rupees, which is 32.86% higher in the second quarter of fiscal year 27. On Thursday, Havells India Ltd shares closed at 1,075.60 rupees on the BSE, showing a rise of 0.42% compared to the previous close.