# Aditya Birla Capital (ABCAPITAL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/abcapital

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹398.8
- Change: +0.68%
- As of: 2026-11-06
- 1D return: +0.68%
- 5D return: +7.94%
- 1M return: +8.18%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

ABCAPITAL is trading at ₹396.10 as of November 5, 2026, positioned near the upper end of its recent ranges (+92.8% in the 20-day range). The daily trend is bullish, with price holding above all key moving averages and the Supertrend indicator, supported by an ADX of 23.25 indicating developing momentum. This aligns with a strong monthly trend (ADX 57.09) but contrasts with a weekly structure where price remains below the Supertrend despite being above moving averages. Recent activity includes an extreme upward gap on November 3 and significant volume-backed moves in late October, suggesting active participation. However, the stock faces immediate resistance just 0.12% higher at ₹396.58, with further levels at ₹407.40 and ₹411.90. Downside support is located at ₹393.35 and ₹389.85. With annualized volatility at +33.3% and a current drawdown of -6.7%, the setup requires confirmation through sustained closes above the nearest resistance to validate continued upside, while a break below ₹393.35 could signal short-term weakness.

- Trend: Daily and monthly trends are bullish with price above major MAs and Supertrend; weekly trend shows mixed signals with price below Supertrend.
- Levels: Immediate resistance at ₹396.58 (+0.12%) and ₹407.40 (+2.85%); support at ₹393.35 (-0.69%) and ₹389.85 (-1.58%).
- Momentum: ADX at 23.25 indicates developing daily strength; recent anomalies include an extreme upward gap on Nov 3 (+0.7%) and high-volume moves in Oct.
- Risk: Annualized volatility is +33.3%; current drawdown is -6.7% from available highs.

- Outside Bar
- Evening Star

### News Context

Aditya Birla Capital reported consolidated financial results for the second quarter of fiscal year 2027 (Q2FY27), released in early November 2026. The company posted a 31% year-on-year increase in revenue, reaching approximately ₹165 billion, alongside a 38% growth in profit after tax to around ₹12.9 billion. These figures reflect strong operational performance relative to the prior year period.

Following the release of these results, major brokerages Motilal Oswal Financial Services and JM Financial retained their Buy ratings on the stock. This analyst consensus suggests that external market observers view the Q2FY27 earnings beat as validation of the company's growth trajectory. The positive reception contributed to an upward tick in the stock price during the reporting window.

- Q2FY27 Consolidated Revenue: ₹165 billion, representing 31% year-on-year growth.
- Q2FY27 Profit After Tax: Approximately ₹12.9 billion, marking 38% year-on-year expansion.
- Analyst Sentiment: Motilal Oswal Financial Services and JM Financial maintained Buy ratings, citing the earnings beat.

- [Aditya Birla Capital stock ticks up as brokerages back Q2FY27 beat with Buy calls](https://www.thehindubusinessline.com/markets/stock-markets/aditya-birla-capital-stock-ticks-up-as-brokerages-back-q2fy27-beat-with-buy-calls/article71655517.ece)

### Official Filings

Aditya Birla Capital reported strong financial growth for the quarter and half-year ended September 30, 2026, with consolidated revenue rising 31% year-on-year to ₹16,545 crore and profit after tax increasing 38% to ₹1,288 crore. The company’s total lending portfolio expanded by 32% to ₹2,33,930 crore, while insurance segments showed robust momentum, with Life Insurance First Year Individual Premium up 25% to ₹2,342 crore and Health Insurance Gross Written Premium surging 48% to ₹4,543 crore. On the capital front, the Board approved the allotment of 148,098 equity shares following the exercise of employee stock options and performance units under schemes 2017 and 2022, increasing paid-up share capital from ₹27,380.07 crore to ₹27,381.55 crore. Additionally, the company confirmed no deviation in the utilization of proceeds from a ₹4,000 crore preferential issue raised on June 23, 2026.

- Consolidated Q2 FY27 revenue grew 31% y-o-y to ₹16,545 crore, with PAT up 38% to ₹1,288 crore.
- Total lending AUM increased 32% y-o-y to ₹2,33,930 crore; Life Insurance FYP rose 25% to ₹2,342 crore and Health Insurance GWP jumped 48% to ₹4,543 crore.
- Paid-up share capital increased marginally from ₹27,380.07 crore to ₹27,381.55 crore due to the allotment of 148,098 ESOP/PSU shares on November 4, 2026.
- The company confirmed zero deviation in the use of proceeds from its ₹4,000 crore preferential issue raised on June 23, 2026.

- [Aditya Birla Capital Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026181904_Transcript_call_30Oct2026_Signed.pdf)
- [Aditya Birla Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15440_WebXMLFile_20261104_183319810.xml)
- [Aditya Birla Capital Limited has informed the Exchange regarding Allotment of 148098 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026184945_ESOPse04Nov2026Final_Signed.pdf)
- [ADITYA BIRLA CAPITAL LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261104_185619062.xml)
- [Asset/Liability management Statement |SUBJECT: Asset/Liability management Statement](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026165342_ABCL_ALM_September_2026.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026170054_CP_Redemption_Payment_Letter_November_3_2026.pdf)
- [Aditya Birla Capital Limited has informed the exchange regarding the Newspaper Advertisement for the Unaudited Financial Results for the quarter and half year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ABCAPITAL_31102026122918_Newspaper_Publication_Merged_Signed.pdf)
- [Aditya Birla Capital Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026134807_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- [Aditya Birla Capital Limited has informed the Exchange regarding Grant of 481809 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135048_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- [Aditya Birla Capital Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135949_Investor_presentation_FinalSigned.pdf)

### Fundamentals

Aditya Birla Capital (ABCAPITAL) demonstrated a strong operational turnaround in Q2 FY2026-27, with revenue rising 32% year-on-year to ₹14,003 crore and net profit jumping to ₹1,353 crore. This follows a sequential improvement from Q1’s ₹893 crore net profit, indicating accelerating earnings momentum. However, the company’s financial health is characterized by significant leverage; borrowings increased to ₹84,366 crore as of September 2026, while cash reserves declined slightly to ₹3,200 crore. Interest costs remain elevated at ₹3,553 crore for the quarter, reflecting the cost of this debt-fueled growth. Despite negative free cash flow (-₹36,905 crore TTM), which highlights heavy capital consumption, the firm’s return on equity has stabilized at 12%. Institutional interest is shifting, with DIIs increasing their stake to 13.28%, while FIIs reduced theirs to 8.26%. The critical next checkpoint is whether operating efficiencies can sustain margin expansion against rising finance costs.

- Q2 FY2026-27 Revenue grew 32% YoY to ₹14,003 crore, with Net Profit surging to ₹1,353 crore, marking a sharp recovery from the previous quarter's ₹893 crore.
- Borrowings rose to ₹84,366 crore (Sep 2026) while Cash & Equivalents fell to ₹3,200 crore, underscoring high leverage and negative Free Cash Flow (-₹36,905 crore TTM).
- Interest expenses reached ₹3,553 crore in Q2, offsetting some gains from top-line growth; ROE remains steady at 12% despite recent volatility.
- DIIs increased holdings to 13.28% in Sep 2026, contrasting with FII reduction to 8.26%, signaling divergent institutional sentiment.

### Bull Case

Aditya Birla Capital (NSE: ABCAPITAL) presents a conditional upside case anchored by strong fundamental momentum and specific technical support, despite a bearish weekly trend. For Q2FY27, the company reported consolidated revenue growth of 31% year-on-year to approximately ₹165 billion, with profit after tax rising 38% to around ₹12.9 billion. This earnings beat has prompted Motilal Oswal Financial Services and JM Financial to retain Buy ratings, signaling institutional confidence in the near-term operating trajectory.

Technically, the stock closed at ₹396.10 on November 5, 2026, showing resilience with daily and monthly Supertrend indicators remaining bullish. The stock is trading just 0.12% below immediate resistance at ₹396.58, suggesting potential for breakout if volume sustains. While the weekly trend is bearish and the stock has experienced a maximum drawdown of -19.7%, the current price sits above key daily supports at ₹393.35 and ₹389.85. The constructive case holds as long as the stock maintains its position above these daily support levels and continues to deliver on the high-growth narrative that underpins the brokerage upgrades.

- Q2FY27 fundamentals showed robust growth: Revenue up 31% YoY to ~₹165 billion and PAT up 38% to ~₹12.9 billion.
- Institutional sentiment remains positive with Motilal Oswal and JM Financial retaining Buy ratings following the earnings beat.
- Daily and monthly technical trends are bullish, with the stock closing at ₹396.10, just 0.12% below immediate resistance at ₹396.58.
- Key monitoring condition: Sustaining price above daily support levels at ₹393.35 and ₹389.85 to counter the bearish weekly trend.

- [Aditya Birla Capital stock ticks up as brokerages back Q2FY27 beat with Buy calls](https://www.thehindubusinessline.com/markets/stock-markets/aditya-birla-capital-stock-ticks-up-as-brokerages-back-q2fy27-beat-with-buy-calls/article71655517.ece)
- [Aditya Birla Capital Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026181904_Transcript_call_30Oct2026_Signed.pdf)
- [Aditya Birla Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15440_WebXMLFile_20261104_183319810.xml)
- [Aditya Birla Capital Limited has informed the Exchange regarding Allotment of 148098 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026184945_ESOPse04Nov2026Final_Signed.pdf)
- [ADITYA BIRLA CAPITAL LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261104_185619062.xml)
- [Asset/Liability management Statement |SUBJECT: Asset/Liability management Statement](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026165342_ABCL_ALM_September_2026.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026170054_CP_Redemption_Payment_Letter_November_3_2026.pdf)
- [Aditya Birla Capital Limited has informed the exchange regarding the Newspaper Advertisement for the Unaudited Financial Results for the quarter and half year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ABCAPITAL_31102026122918_Newspaper_Publication_Merged_Signed.pdf)
- [Aditya Birla Capital Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026134807_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- [Aditya Birla Capital Limited has informed the Exchange regarding Grant of 481809 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135048_BM_Outcome_Financial_results_30102026_Signedd.pdf)

### Bear Case

Aditya Birla Capital (NSE: ABCAPITAL) presents a mixed technical setup as of November 5, 2026, with near-term caution warranted despite recent fundamental strength. While the stock rallied on Q2FY27 results showing 31% revenue and 38% PAT growth, price action faces immediate resistance at ₹396.58, just 0.12% above the closing level of ₹396.10. The weekly trend is bearish, characterized by a downward-sloping 20-period EMA and a bearish Supertrend signal, contrasting with the daily bullish bias. This divergence suggests potential short-term volatility or consolidation. Furthermore, the stock has experienced a maximum drawdown of -19.7% historically and currently sits in a -6.7% drawdown from recent highs. With annualized volatility at +33.3%, investors should monitor the ability to sustain levels above the ₹393.35 support threshold; failure to hold this zone could expose the stock to further downside toward ₹384.90.

- Immediate resistance at ₹396.58 (0.12% above close) limits upside momentum despite positive broker ratings.
- Weekly trend remains bearish with a negative EMA slope, indicating short-term selling pressure against the daily bullish signal.
- Current drawdown stands at -6.7% from recent peaks, with historical maximum drawdown reaching -19.7%.
- High annualized volatility (+33.3%) requires monitoring of the ₹393.35 support level for trend stability.

- [Aditya Birla Capital stock ticks up as brokerages back Q2FY27 beat with Buy calls](https://www.thehindubusinessline.com/markets/stock-markets/aditya-birla-capital-stock-ticks-up-as-brokerages-back-q2fy27-beat-with-buy-calls/article71655517.ece)
- [Aditya Birla Capital Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026181904_Transcript_call_30Oct2026_Signed.pdf)
- [Aditya Birla Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15440_WebXMLFile_20261104_183319810.xml)
- [Aditya Birla Capital Limited has informed the Exchange regarding Allotment of 148098 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026184945_ESOPse04Nov2026Final_Signed.pdf)
- [ADITYA BIRLA CAPITAL LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261104_185619062.xml)
- [Asset/Liability management Statement |SUBJECT: Asset/Liability management Statement](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026165342_ABCL_ALM_September_2026.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026170054_CP_Redemption_Payment_Letter_November_3_2026.pdf)
- [Aditya Birla Capital Limited has informed the exchange regarding the Newspaper Advertisement for the Unaudited Financial Results for the quarter and half year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ABCAPITAL_31102026122918_Newspaper_Publication_Merged_Signed.pdf)
- [Aditya Birla Capital Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026134807_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- [Aditya Birla Capital Limited has informed the Exchange regarding Grant of 481809 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135048_BM_Outcome_Financial_results_30102026_Signedd.pdf)

### FAQs

**What were Aditya Birla Capital's key financial results for Q2FY27?**

For the quarter ended September 30, 2026, Aditya Birla Capital reported consolidated revenue growth of 31% year-on-year to approximately ₹165 billion. Profit after tax grew by 38% to around ₹12.9 billion.

**How have brokerages reacted to these results?**

Motilal Oswal Financial Services and JM Financial have retained Buy ratings on the stock, citing the Q2FY27 earnings beat as a positive indicator for the company's near-term performance.

**What is the current technical price structure for ABCAPITAL?**

As of November 5, 2026, the stock closed at ₹396.10. Immediate resistance lies at ₹396.58 (0.12% above), with further levels at ₹407.40 and ₹411.90. Support is noted at ₹393.35 (0.69% below) and ₹389.85 (1.58% below).

**Has there been any recent change in the company's share capital?**

On November 4, 2026, the company allotted 148,098 equity shares following the exercise of employee stock options. This increased the paid-up share capital from ₹27,380,066,370 to ₹27,381,547,350.

- [Aditya Birla Capital stock ticks up as brokerages back Q2FY27 beat with Buy calls](https://www.thehindubusinessline.com/markets/stock-markets/aditya-birla-capital-stock-ticks-up-as-brokerages-back-q2fy27-beat-with-buy-calls/article71655517.ece)
- [Aditya Birla Capital Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026181904_Transcript_call_30Oct2026_Signed.pdf)
- [Aditya Birla Capital Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15440_WebXMLFile_20261104_183319810.xml)
- [Aditya Birla Capital Limited has informed the Exchange regarding Allotment of 148098 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026184945_ESOPse04Nov2026Final_Signed.pdf)
- [ADITYA BIRLA CAPITAL LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261104_185619062.xml)
- [Asset/Liability management Statement |SUBJECT: Asset/Liability management Statement](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026165342_ABCL_ALM_September_2026.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026170054_CP_Redemption_Payment_Letter_November_3_2026.pdf)
- [Aditya Birla Capital Limited has informed the exchange regarding the Newspaper Advertisement for the Unaudited Financial Results for the quarter and half year ended 30 September 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ABCAPITAL_31102026122918_Newspaper_Publication_Merged_Signed.pdf)
- [Aditya Birla Capital Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026134807_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- [Aditya Birla Capital Limited has informed the Exchange regarding Grant of 481809 Options. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135048_BM_Outcome_Financial_results_30102026_Signedd.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹394.7
- Risk regime: Price Risk Currently Contained

### Support levels
- 385.89375
- 330.225
- 320.675

### Resistance levels
- 407.4
- 411.9
- 430.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.68% |
| return_10 | +14.85% |
| return_1m | +5.25% |
| return_1y | +21.94% |
| return_20 | +8.18% |
| return_3m | -5.39% |
| return_5 | +7.94% |
| return_6m | +7.99% |
| return_since_start | +122.79% |
| return_ytd | +10.18% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -19.72% |
| annualized_volatility | +33.25% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Aditya Birla Capital Limited FY2026-27 Q2: Revenue up 10%, PBT up 41%

Aditya Birla Capital’s standalone revenue from operations rose 10.1% sequentially to ₹5,493 crore in FY2026-27 Q2, while profit before tax (PBT) increased 41.1% to ₹1,660 crore. Expenses grew 1.5% from Q1, and profit for the period rose 38.5% to ₹1,237 crore.

## Revenue and profitability

For the quarter ended 30 September 2026, total income was ₹5,541 crore, up 10.8% from ₹5,001 crore in Q1 FY2026-27 and 22.5% from ₹4,524 crore in Q2 FY2025-26. Revenue from operations increased 10.1% sequentially and 21.9% year on year to ₹5,493 crore.

Expenses rose 1.5% sequentially to ₹3,881 crore, compared with the 10.8% increase in total income. PBT was ₹1,660 crore, up 41.1% from ₹1,177 crore in Q1 FY2026-27 and 35.3% from ₹1,227 crore in Q2 FY2025-26. Profit before exceptional items and tax was also ₹1,660 crore.

Tax expense increased 49.2% sequentially to ₹423 crore. Profit for the period nevertheless rose 38.5% to ₹1,237 crore from ₹893 crore in Q1 FY2026-27, and was 35.0% higher than the ₹916 crore reported in Q2 FY2025-26. Comprehensive income was ₹1,385 crore, compared with ₹901 crore in the prior quarter. Basic EPS from continuing operations was ₹4.52, versus ₹3.39 in Q1; diluted EPS was ₹4.48, versus ₹3.36.

## Finance costs and other income

Finance costs increased 3.4% sequentially to ₹2,736 crore, below the growth rates in revenue from operations and total income. Other income rose to ₹48 crore from ₹11 crore in Q1 FY2026-27.

## Balance sheet and indebtedness

At 30 September 2026, total assets were ₹1,90,321 crore, compared with ₹1,70,586 crore at 31 March 2026. Equity increased to ₹35,182 crore from ₹28,701 crore, while liabilities rose to ₹1,55,139 crore from ₹1,41,885 crore.

Borrowings were ₹84,366 crore at 30 September, up from ₹82,142 crore at 31 March. Total financial indebtedness of the listed entity was ₹1,50,402 crore, compared with ₹1,38,415 crore at the March year-end. Outstanding loans or revolving facilities totalled ₹83,064 crore, and unlisted debt securities totalled ₹1,319 crore. Cash and cash equivalents were ₹3,200 crore, versus ₹467 crore at 31 March.

## Key Takeaway

The quarter brought strong sequential growth in revenue and PBT, with expenses rising more slowly than income. Assets and equity also increased from March, alongside higher borrowings and total financial indebtedness—an important balance-sheet counterpart to the earnings growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +68.81%
- FII holding: +7.94%
- DII holding: +13.36%
- Mutual fund holding: +6.41%
- Retail holding: +5.17%
- Promoter pledged: +0.00%

### Major reported shareholders

- GRASIM INDUSTRIES LIMITED — +53.06% (Bodies Corporate)
- BIRLA GROUP HOLDINGS PRIVATE LIMITED — +8.12% (Bodies Corporate)
- PI OPPORTUNITIES FUND I — +2.90%
- MOTILAL OSWAL NIFTY 200 MOMENTUM 30 INDEX FUND — +2.08%
- ESSEL MINING & INDUSTRIES LTD — +1.96% (Bodies Corporate)
- LIFE INSURANCE CORPORATION OF INDIA — +1.48%
- HINDALCO INDUSTRIES LIMITED — +1.45% (Bodies Corporate)
- Surya Kiran Investments Pte Limited — +1.38% (Bodies Corporate)
- PILANI INVESTMENT AND INDUSTRIES — +1.23% (Bodies Corporate)
- P.T. Indo Bharat Rayon — +1.02% (Bodies Corporate)

## Official filings

- 2026-11-06 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261106_174032502.xml)
- 2026-11-06 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/palavjain_06112026173825_ABCL_NCD_allotment_November_6_2026_Reg_30.pdf)
- 2026-11-06 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261106_174844089.xml)
- 2026-11-06 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_06112026181506_ChangeInRTA_Address_Signed.pdf)
- 2026-11-04 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026181904_Transcript_call_30Oct2026_Signed.pdf)
- 2026-11-04 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15440_WebXMLFile_20261104_183319810.xml)
- 2026-11-04 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_04112026184945_ESOPse04Nov2026Final_Signed.pdf)
- 2026-11-04 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261104_185619062.xml)
- 2026-11-03 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026165342_ABCL_ALM_September_2026.pdf)
- 2026-11-03 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_03112026170054_CP_Redemption_Payment_Letter_November_3_2026.pdf)
- 2026-10-31 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_31102026122918_Newspaper_Publication_Merged_Signed.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026134807_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135048_BM_Outcome_Financial_results_30102026_Signedd.pdf)
- 2026-10-30 — Earnings Presentation: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026135949_Investor_presentation_FinalSigned.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026140846_ABCL_Monitoring_agency_report_Signed.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_30102026145944_ABCL_End_utilization_statement_September_2026.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_30102026150453_ABCL_NCD_Deviation_of_Funds_September_2026_Signeddddd.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_30102026151005_ABCL_Security_Cover_September_2026.pdf)
- 2026-10-30 — Financial Results Filing: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1749839_30102026034844_WEB.xml)
- 2026-10-30 — Financial Results Filing: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1750293_30102026064934_WEB.xml)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_30102026232938_Audio_transcript_30102026_Signed.pdf)
- 2026-10-30 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_15440_WebXMLFile_20261030_234853997.xml)
- 2026-10-26 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/palavjain_26102026175918_CP_Redemption_Payment_Letter_October_26_2026.pdf)
- 2026-10-23 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ABCAPITAL_23102026153756_ESOPse23Oct2026Final_Signed.pdf)
- 2026-10-23 — Generic Announcement: Aditya Birla Capital Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_15440_WebXMLFile_20261023_154358296.xml)

## News and market events

- 2026-11-02 — The Hindu: **Aditya Birla Capital stock ticks up as brokerages back Q2FY27 beat with Buy calls** — Aditya Birla Capital reported Q2FY27 consolidated revenue growth of 31% year-on-year to approximately ₹165 billion and profit after tax growth of 38% to around ₹12.9 billion, leading Motilal Oswal Financial Services and JM Financial to retain Buy ratings on the stock. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/aditya-birla-capital-stock-ticks-up-as-brokerages-back-q2fy27-beat-with-buy-calls/article71655517.ece)
- 2026-10-30 — The Hindu: **Q2 Results 30th Oct Highlights: GAIL, IOC, Sun Pharma, Aditya Birla, BOB, Aether, Smartworks Q2 PAT rise, Zee Entertainment con. PAT declines, Dixon's profit fall, Reliance, Jio Platforms, BEL, GE Vernova, Lodha, Delhivery, NTPC Green to announce Q2 results** — Market participants reacted to the day's Q2 results with specific stocks identified as gainers and losers. Trent, IndiGo, Deepak Nitrite, and Milky Mist were among the gainers, while Coal India, Strides Pharma, Blue Star, CAMS, Equitas SFB, and Godrej Consumer were among the losers. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-reliance-ind-jio-platforms-sun-pharma-dixon-bel-ioc-bob-gail-ge-vernova-lodha-developers-max-healthcare-ntpc-delhivery-aether-company-results-30-october-2026/article71640116.ece)
- 2026-10-22 — Economic Times: **India's glittering gold loan sector risks sliding into a dark zone** — The gold loan market in India is on a rapid growth trajectory, fueled by true demand alongside possible financial distress among borrowers. According to the Reserve Bank of India, there's significant annual growth in gold loans issued by banks and NBFCs. Heightened competition might bring challenges in assessing borrower viability and repayment options. While regulatory changes aim to create a stable environment, they could introduce operational hurdles for lenders. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/india-gold-loan-boom-rbi-regulations-borrower-stress-default-risks-nbfc-growth/articleshow/135113574.cms)
- 2026-10-15 — Mint: **‘You either grow or you go down’: Kumar Mangalam Birla plans up to $30 billion investment in India, overseas | Company Business News** — Aditya Birla Group plans to invest up to $30 billion across its businesses in India and overseas over the next two to three years, including expanding US operations. Details here. — [Source](https://www.livemint.com/companies/news/you-either-grow-or-you-go-down-kumar-mangalam-birla-plans-up-to-30-billion-investment-in-india-overseas-11792061746474.html)
- 2026-10-14 — Mint: **Kumar Mangalam Birla eyes $30 billion investment amid global uncertainties: ‘You either grow or you go down’ | Company Business News** — Kumar Mangalam Birla plans to invest up to $30 billion across the Aditya Birla Group’s businesses over next two to three years, adding about increased spending in the United States. The Aditya Birla Group has operations in 41 countries, reported revenue of $72 billion in financial year ended March. — [Source](https://www.livemint.com/companies/people/kumar-mangalam-birla-eyes-30-billion-investment-amid-global-uncertainties-you-either-grow-or-you-go-down-11791997279505.html)
- 2026-10-14 — Economic Times: **Kumar Mangalam Birla plans $30 billion push undeterred by crises** — Kumar Mangalam Birla announced plans to invest $30 billion over the next two to three years. This investment will target businesses both in India and internationally, reflecting the group's global operations. The Aditya Birla Group will allocate $5 billion for a new aluminum recycling plant in Alabama. Birla acknowledged that geopolitical issues complicate investment decisions and have changed strategies. — [Source](https://economictimes.indiatimes.com/news/company/corporate-trends/kumar-mangalam-birla-plans-30-billion-push-undeterred-by-crises/articleshow/134944242.cms)
- 2026-10-14 — Mint: **Aditya Birla Capital shares: Up 30% in one year! Jefferies sees 25% more upside; should you buy? Target price, rationale** — Aditya Birla Capital shares: Jefferies India report believes the NBFC may benefit from rising rates as 70% floating-rate assets and 56% floating liabilities support NIM expansion. — [Source](https://www.livemint.com/market/stock-market-news/aditya-birla-capital-shares-up-30-in-one-year-jefferies-sees-25-more-upside-should-you-buy-target-price-rationale-11791948945596.html)
- 2026-10-14 — MONEYCONTROL: **Kumar Mangalam Birla says investment calls becoming tougher now** — Billionaire Kumar Mangalam Birla, aditya birla group, kumar birla, birla investment — [Source](https://www.moneycontrol.com/news/business/companies/kumar-mangalam-birla-says-investment-calls-becoming-tougher-now-14051457.html)
- 2026-10-14 — CNBC-TV18: **Kumar Mangalam Birla says investment calls are becoming tougher now amid 'global volatility'** — Aditya Birla Group Chairman Kumar Mangalam Birla said global crises and volatile trade policies have made investment decisions tougher, while the conglomerate continues expanding across sectors. — [Source](https://www.cnbctv18.com/business/kumar-mangalam-birla-says-investment-calls-are-becoming-tougher-now-amid-global-volatility-20011351.htm)
- 2026-10-01 — Mint: **Macquarie stock recommendations: ICICI Bank, SBI, PayTM to LIC — top 11 financial shares to buy on rerating potential** — Macquarie stock recommendations: The global brokerage is expecting a turn around in the Indian financial shares — [Source](https://www.livemint.com/market/stock-market-news/macquarie-stock-recommendations-icici-bank-sbi-paytm-to-lic-top-11-financial-shares-to-buy-on-rerating-potential-11790829958477.html)
- 2026-09-28 — Economic Times: **Clean Max Enviro Energy raises Rs 2,500 cr via green bonds** — In a significant financial move, Clean Max Enviro Energy successfully raised Rs 2,500 crore by issuing green debt securities. The offering consisted of non-convertible debentures organized into five series, each featuring different maturities and coupon rates. Structured under a green bond framework, the funds will be directed towards renewable energy projects. The backing from prominent institutional investors indicates strong confidence in Clean Max's sustainable growth approach. — [Source](https://economictimes.indiatimes.com/markets/bonds/clean-max-enviro-energy-raises-rs-2500-cr-via-green-bonds/articleshow/134542920.cms)
- 2026-09-28 — The Hindu: **CleanMax raises ₹2,500 crore via Green Bonds** — Issued under CleanMax’s Green Bond Framework, the bonds are backed by a defined green-use-of-proceeds framework, allocated for large-scale renewable energy projects. — [Source](https://www.thehindubusinessline.com/markets/cleanmax-raises-2500-crore-via-green-bonds/article71519555.ece)
- 2026-09-21 — The Hindu: **Pennant Technologies Deploys Loan Origination and Loan Management System Across Aditya Birla Capital’s Gold Lending Business in 45 Days** — Pennant Technologies Deploys Loan Origination and Loan Management System Across Aditya Birla Capital’s Gold Lending Business in 45 Days — [Source](https://www.thehindu.com/brandhub/pr-release/pennant-technologies-deploys-loan-origination-and-loan-management-system-across-aditya-birla-capitals-gold-lending-business-in-45-days/article71490829.ece)
- 2026-09-21 — Economic Times: **Which NBFCs will gain the most from rate hike cycle? JM Financial lists top picks** — JM Financial highlights how soaring bond yields and policy rate hikes impact Indian NBFCs. While housing finance companies like LIC Housing Finance and PNB Housing Finance stand to benefit on NIMs, vehicle and MFI lenders face headwinds. Top stock picks include Aditya Birla Capital, Piramal Finance, and CreditAccess Grameen. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/which-nbfcs-will-gain-the-most-from-rate-hike-cycle-jm-financial-lists-top-picks/articleshow/134386955.cms)
- 2026-09-21 — Mint: **Anupam Rasayan share price falls 5% after NCD issue announcement | NCD size, other details here** — Anupam Rasayan share price dropped almost 5% in early deals on the BSE on Monday, 21 September, after the company announced issuing non-convertible debentures (NCDs) to Aditya Birla Capital. — [Source](https://www.livemint.com/market/stock-market-news/anupam-rasayan-share-price-falls-5-after-ncd-issue-announcement-ncd-size-other-details-here-11789964385605.html)
- 2026-09-14 — Economic Times: **Indian banks' names keep fading from your loan documents** — The landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs and fintech firms are not just leading originations by both volume and value; they are redefining lending opportunities as the economy continues to develop. Banks are still integral, providing necessary funding to NBFCs and utilizing securitization, contributing to a dynamic credit ecosystem with expanded avenues for access. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banks-nbfcs-india-credit-market-retail-loans-msme-credit-gap-gold-loans-private-credit-fintech-lending-pattern/articleshow/133954929.cms)
- 2026-09-08 — BUSINESSTODAY: **Gold-loan NBFCs stare at tougher competition as banks enter the market** — Gold loans, NBFCs, Muthoot Finance, Manappuram Finance, Bank competition — [Source](https://www.businesstoday.in/industry/banks/story/gold-loan-nbfcs-stare-at-tougher-competition-as-banks-enter-the-market-553801-2026-09-08)
- 2026-08-22 — Economic Times: **F&O Talk: Nifty to consolidate further, says Sudeep Shah; picks 3 stocks for next week** — SBI Securities Sudeep Shah expects Nifty to remain range-bound, with 24,000 as key support and 24,500 as resistance. He warns of underpriced options-market tail risks amid low volatility. Bank Nifty remains compressed, while Nifty IT faces support at 30,000. AU Small Finance Bank, Aditya Birla Capital and Nippon Life offer setups. — [Source](https://economictimes.indiatimes.com/markets/expert-view/fo-talk-nifty-to-consolidate-further-says-sudeep-shah-picks-3-stocks-for-next-week/articleshow/133419507.cms)
- 2026-08-20 — Times of India: **Aditya Birla Capital enters gold loans, to have 1000 dedicated branches in three years** — India Business News: MUMBAI: Aditya Birla Capital's NBFC business has entered the gold loan segment and plans to open around 1,000 dedicated gold loan branches over the ne. — [Source](https://timesofindia.indiatimes.com/business/india-business/aditya-birla-capital-enters-gold-loans-to-have-1000-dedicated-branches-in-three-years/articleshow/133384395.cms)
- 2026-08-20 — BUSINESS: **Nifty breaks losing streak, Sensex rallies 628 points; sugar stocks shine** — Key equity benchmarks staged a strong rebound on Thursday, with the Nifty snapping a seven-session losing streak and reclaiming the 24,200 level, while the Sensex jumped over 600 points. The recovery was supported by easing US Treasury yields after the US Treasury announced plans to double its buybacks of longer-duration government debt, helping steady global bond markets and improve risk appetite. Buying was broad-based, led by IT, financials, realty and media stocks, while the broader market also ended higher. The rupee snapped its three-day losing streak and closed at 95.71 per dollar. Technically, the Nifty faces an immediate hurdle at 24,290-24,320, while 24,130-24,100 remains a crucial support zone. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-breaks-losing-streak-sensex-rallies-628-points-sugar-stocks-shine-126082000932_1.html)
- 2026-08-20 — MONEYCONTROL: **Taking Stock: Nifty snaps 7-day losing streak, reclaims 24,200, Sensex jumps 628 pts** — Taking Stock,Sensex,Nifty,Local markets — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-nifty-snaps-7-day-losing-streak-reclaims-24-200-sensex-jumps-628-pts-14011339.html)
- 2026-08-20 — CNBC-TV18: **Aditya Birla Capital shares gain after unit enters gold loan business, plans 1,000 branch rollout** — Rakesh Singh, executive director and CEO - NBFC at Aditya Birla Capital said gold loans are witnessing strong structural growth in India and its entry into this segment is a natural extension of the company's secured lending strategy. — [Source](https://www.cnbctv18.com/market/aditya-birla-capital-share-price-unit-enters-gold-loan-business-1000-branch-rollout-in-three-years-19973312.htm)
- 2026-08-20 — BUSINESS: **Aditya Birla Capital forays into gold loan biz** — Aims to establish network of 1,000 gold loan branches in next 3 years — [Source](https://www.business-standard.com/markets/capital-market-news/aditya-birla-capital-forays-into-gold-loan-biz-126082000212_1.html)
- 2026-08-20 — Economic Times: **Aditya Birla Capital enters gold loan business; plans to open 1,000 branches in 3 years** — Aditya Birla Capital Limited announced its strategic expansion into the gold loan business. This new offering will complement its existing retail and MSME lending franchise. The company plans to open 200 to 300 dedicated gold loan branches by March 2027. These branches will be established across high potential markets within the country. The group will leverage its distribution network and digital capabilities for customer experience. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/aditya-birla-capital-enters-gold-loan-business-plans-to-open-1000-branches-in-3-years/articleshow/133363554.cms)
- 2026-08-18 — Mint: **Stock market today: Gift Nifty hints a weak start; eight day trading stocks to buy on Tuesday, 18 August** — Sensex and Nifty 50 are set to open lower due to mixed global cues. Brent crude prices have risen amid US-Iran conflict tensions, raising concerns over energy supplies. Analysts suggest cautious trading with key levels for Nifty 50 and Bank Nifty indicating potential selling pressure. — [Source](https://www.livemint.com/market/stock-market-news/stock-market-today-gift-nifty-hints-a-weak-start-eight-day-trading-stocks-to-buy-on-tuesday-18-august-11787019135761.html)

## Business profile

**Strategic vision:** Financial services company offering protecting, investing, and financing solutions.

### Business segments
- **Financing:** The lending operations provide credit solutions to retail, corporate, and SME clients.
- **Protecting:** This segment offers comprehensive life, health, and general insurance policies.
- **Investing:** This division handles investment management, pension funds, and asset advisory.
- **Digital & Wellness Solutions:** Drives digital transformation and fintech initiatives, and operates wellness programmes integrated with health insurance.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/abcapital
Markdown representation: https://faxioms.com/stocks/abcapital?render=md