The Aditya Birla Group once again joined forces with TEDxGateway 2024, India's hub of innovative ideas, on March 2nd at at the Jamshed Bhabha Theatre in NCPA, Mumbai. It was an exhilarating day, fulfilling its mission by sparking stimulating conversations and fostering connections.With over 20 outstanding speakers ranging from visionary artists to tech pioneers and captivating storytellers, the event was a showcase of diverse perspectives. Their stories, fuelled by passion and resilience, left a lasting impact, igniting imaginations along the way. The line-up also included researchers, philanthropists, educators, and activists, underscoring TEDxGateway's dedication to ground-breaking ideas.TEDxGateway, an independently organised TEDx event, has a rich history. Since its modest beginnings in 2010, it has evolved into India's premier platform for thought leaders. Today, it hosts multiple events annually, drawing over 55,400 attendees (on-ground) and 350+ speakers of global repute, and continues to spread impactful ideas.

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TEDxGateway 2024: A Day of Inspiration

Starting from 31 October 2023, until 4 November 2023, Aditya Birla Group Hindustan Times Leadership Summit (HTLS) 2023, will bring together leaders and icons from across the fields of politics, sports, business, health, science, and entertainment to share their views on the theme 'Beyond Barriers'.HTLS 2023 will host distinguished public figures such as Prime Minister Narendra Modi, Chief Justice of India Dhananjaya Y. Chandrachud, and Minister of External Affairs Dr. S. Jaishankar. It will also feature well-known personalities from politics to sports and even entertainment industries, such as Piyush Goyal, Ashwini Vaishnaw, Sushmita Sen, Karan Johar, Alia Bhatt, Charlize, Satwiksairaj Rankireddy and Chirag Shetty, Bhagwant Mann, Sukhvinder Singh Sukhu, Alan Mamedi, Neeraj Chopra, Navin Chawla, and Chris Miller.Launched in 2003, HTLS has evolved into a platform that enhances the quality of discourse on critical global issues and fosters solution-oriented discussions among leaders. Over the years, the summit has grown to become one of the most eagerly anticipated events in India.To learn more or register for the event, click <a href="https://htls2023.virtualeventexp.com/signup">here</a>.

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Aditya Birla Group Hindustan Times Leadership Summit 2023

Aditya Birla Group was proud to continue its partnership with TEDxGateway, India's largest ideas festival, for its 2023 edition. This highly anticipated event took place on 4th June 2023 at the Jamshed Bhabha Theatre in NCPA, Mumbai.Aligned with TED's mission of discovering 'ideas worth spreading', the event featured an impressive lineup of 24 speakers from diverse walks of life, sharing their unique insights on a wide range of topics. The speakers include storytellers, poets, musicians, policy experts, economists, and scientists, among many others.As a firm believer in the transformative power of ideas, this year, Aditya Birla Group also introduced the Big Idea Pass. These were limited sponsored seats reserved for young professionals armed with innovative ideas of their own, offering them an exclusive opportunity to network at the event and draw inspiration from the speakers.TEDxGateway is an independently organised TEDx conference with a rich history. It began in 2010 with a modest attendance of just over 300 attendees and has since grown into India's largest conference of thought-leaders, hosting multiple events throughout the year and attracting over 55,000 attendees thus far.To learn more about the conference, <a target="_blank" rel="noopener noreferrer" href="https://www.tedxgateway.com/">click here</a>.

TEDxGateway hosts its 2023 edition in Mumbai

Business

Leadership

The third and last part of our conversation with Mr. K. K. Maheshwari where he shares nuggets on leading a successful business.

The Playbook for Unlocking Success

The second part in the series of conversations with Mr. K. K. Maheshwari on what makes one an able leader.

Leadership and Longevity

A conversation with industry stalwart and Aditya Birla Group’s Mr. K. K. Maheshwari on the What and How of Transformative Leadership

Acing the Art of Transformative Leadership

Sustainability

Responsibility

Ethical

Accelerating ESGbility - Deeksha Vats

<figure class="table"><table><tbody><tr><td style="text-align:center;">KEY HIGHLIGHTS – Q2FY25</td></tr><tr><td><ul><li>Revenue: Consolidated revenue stood at ₹33,563 Cr., up 11% YoY; TTM revenue at ₹1,37,116 Cr.</li><li>Cement: Added new grey cement capacity of 9.9 Mn TPA (in current FY till Oct’24), taking total grey cement capacity (domestic + overseas) to 156.1 Mn TPA</li><li>Birla Opus: Production ramping up at three plants commissioned in Q1FY25 and trial run commenced at Chamarajanagar and Mahad</li><li>Financial Services: Total Lending Portfolio* stood at ₹1,37,946 Cr., up 27% YoY</li><li>Cellulosic Staple Fibre: Highest ever quarterly sales volumes at 219 KT</li><li>Chemicals: Improved profitability in Chlorine Derivatives and Specialty Chemicals*Lending Portfolio (NBFC + HFC)</li></ul></td></tr></tbody></table></figure><a href="/businesses/companies/grasim-industries-limited/">Grasim Industries Limited</a> today announced its financial results for the quarter ended 30th September 2024 (Q2FY25). Consolidated revenue stood at ₹33,563 Cr., up by 11% YoY, driven by the superior performance of <a href="/businesses/sectors/financial-services/">Financial Services</a>, Cellulosic Staple Fibre and Specialty Chemicals businesses. Consolidated EBITDA declined by 10% at ₹4,042 Cr., as a result of lower profitability in the Cement business and initial investments in the Paints business under brand ‘<a href="/businesses/companies/birla-opus/">Birla Opus</a>’. The results are in line with our plan to build a strong consumer-facing business. Further, higher interest and depreciation charges on account of investments in the Building Materials and Renewables businesses has led to lower PAT.&nbsp;<h3 style="text-align:center;">CONSOLIDATED FINANCIAL RESULTS&nbsp; (₹ Cr.)</h3><figure class="table" style="width:98.67%;"><table class="ck-table-resized" style="border-style:solid;"><colgroup><col style="width:13.5%;"><col style="width:13.5%;"><col style="width:13.5%;"><col style="width:13.5%;"><col style="width:13.5%;"><col style="width:13.5%;"><col style="width:19%;"></colgroup><tbody><tr><td style="text-align:center;width:100%;">H1FY25</td><td style="text-align:center;width:100%;">H1FY24</td><td style="text-align:center;width:100%;">YoY&nbsp;</td><td style="text-align:center;width:100%;">&nbsp;</td><td style="text-align:center;width:100%;">Q2FY25</td><td style="text-align:center;width:100%;">Q2FY24</td><td style="text-align:center;width:100%;">YoY</td></tr><tr><td style="text-align:center;width:100%;">67,424</td><td style="text-align:center;width:100%;">61,286</td><td style="text-align:center;width:100%;">10%</td><td style="text-align:center;width:100%;">Revenue</td><td style="text-align:center;width:100%;">33,563</td><td style="text-align:center;width:100%;">30,221</td><td style="text-align:center;width:100%;">11%</td></tr><tr><td style="text-align:center;width:100%;">8,802</td><td style="text-align:center;width:100%;">9,490</td><td style="text-align:center;width:100%;">(7%)</td><td style="text-align:center;width:100%;">EBITDA</td><td style="text-align:center;width:100%;">4,042</td><td style="text-align:center;width:100%;">4,509</td><td style="text-align:center;width:100%;">(10%)</td></tr><tr><td style="text-align:center;width:100%;">1,662</td><td style="text-align:center;width:100%;">2,740</td><td style="text-align:center;width:100%;">(39%)</td><td style="text-align:center;width:100%;">PAT^</td><td style="text-align:center;width:100%;">473</td><td style="text-align:center;width:100%;">1,164</td><td style="text-align:center;width:100%;">(59%)</td></tr></tbody></table></figure>^owner’s share of PAT excluding exceptional items.&nbsp;&nbsp;<h3>Cellulosic Fibres (Cellulosic Staple Fibre - CSF and Cellulosic Fashion Yarn - CFY)</h3>China operating rates averaged at 86% in Q2FY25, higher compared to 82% in Q1FY25. Additionally, inventory levels reached its lowest levels of 8 days. Improving demand scenario in China has led to the third consecutive quarter of price improvement in CSF prices from an average of $1.51/kg in Q3FY24 to $1.65/kg in Q2FY25.CSF business achieved its highest ever quarterly sales volume at 219 KT up 4% YoY led by stable domestic demand. EBITDA Margins improved on the back of higher sales volume and improving trend in global prices. Volume growth in CFY business was driven by festive demand, however realisation remains under pressure due to Chinese producers’ aggressive pricing for the Indian markets. Cellulosic Fibres segment reported revenue of ₹4,125 Cr. and EBITDA of ₹494 Cr., marking a YoY increase of 6% each.&nbsp;<h3>Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)</h3>Caustic Soda international average spot prices (CFR-SEA) recovered for the fifth consecutive quarter to $471/ton in Q2FY25, up 13% YoY. Domestic realisations also improved, however ECU realisations declined by 4% YoY to ₹30,650/ton mainly due to increased negative chlorine realisations on account of continued oversupply conditions.The Chemicals business revenue stood at ₹2,054 Cr., up 3% YoY. Caustic soda sales volume was down by 4% YoY due to lower production on account of maintenance shutdown of the captive power plant at Vilayat. EBITDA for the Chemicals segment stood at ₹273 Cr. up by 16% YoY driven by higher profitability in Chlorine Derivatives and Specialty Chemicals businesses.&nbsp;<h3>Building Materials (Cement, Paints and B2B E-commerce)</h3>Building Materials segment reported revenue of ₹16,683 Cr., up 3% YoY driven by Paints and B2B E-Commerce businesses. EBITDA stood at ₹1,886 Cr., down 28% YoY, mainly due to lower realisations in cement business and initial investments in building a consumer facing brand ‘Birla Opus’ in the Indian decorative paints market.Consolidated sales volumes of the Cement business (UltraTech) were up by 4% YoY to 27.84 MT and ready-mix concrete sales volumes grew by 19% YoY to 3.01 Mn m3. UltraTech Building Solutions (UBS) outlets increased to 4,236, contributing 19.4% of total sales. During the year, UltraTech added 9.9 Mn TPA of grey cement capacity (till Oct’24) with a target to reach total grey cement capacity of 162.4 Mn TPA in FY25.In the paints business (Birla Opus), production is steadily ramping at its three plants - Ludhiana, Panipat and Cheyyar commissioned in Q1 of this financial year. Trial production has started at Chamarajanagar and Mahad plants. The new advertisement campaign ‘Naye Zamane ka Naya Paint’ was launched across print, TV, digital and outdoor channels after the successful launch of the first media campaign ‘Make life Beautiful’. The new advertisement campaign focuses on innovative features and superior product quality across interior, exterior &amp; waterproofing paints by ‘Birla Opus’. The product availability has increased to 129 products with 900+ SKUs already placed in the distribution channel. The product reach has increased to 4,300+ towns being serviced from 114 depots operational across India. The product quality is garnering excellent feedback and good demand is witnessed from contractors and consumers at the dealers’ network leading to increase in counter share. The total Capex for the business is ~₹8,470 Cr. till September 2024, ~85% of the planned Capex outlay.Birla Pivot, the B2B E-Commerce business revenue continues to grow in-line with the plan and remains on track to achieve revenue of $1 billion in three years as announced in FY24. The business has expanded its product offerings across 35 product categories comprising 40,000+ SKUs sourced from 300+ Indian and International brands. Birla Pivot continues to expand its geographical reach with delivery to 375 cities across 26 states and union territories.&nbsp;&nbsp;<h3>Financial Services</h3>Revenue and EBITDA of the financial Services business (Aditya Birla Capital), as consolidated in accordance with Ind AS, stood at ₹10,252 Cr. and ₹1,280 Cr., registering growth of 33% and 25%, respectively. The overall lending portfolio (NBFC and HFC) increased by 27% YoY to ₹1,37,946 Cr. The total AUM (AMC, life insurance and health insurance) crossed the milestone of ₹5,00,000 Cr., with a growth of 24% YoY. The business continues to focus on leveraging technology to provide customers an omni-channel experience. During the quarter, the D2C platform, ABCD (Aditya Birla Capital Digital), introduced new products such as digigold gifting, family health scan, gold loan and pocket insurance. ABCD application manages +2.5 mn customers as of Oct’24. Udyog Plus, the channel addressing the needs of MSMEs, continues to scale up well with 16 lakh+ registrations and a total AUM of ~₹2,900 Cr.&nbsp;<h3>Other Businesses (Textiles, Renewables and Insulators)</h3>Revenue from other businesses stood at ₹778 Cr. and EBITDA stood at ₹45 Cr. In Renewable business cumulative installed capacity crossed milestone of 1 GW, up 21% from 894 MW in Mar’24.&nbsp;&nbsp;<h3>Capital Expenditure</h3>Capital expenditure for H1FY25 stood at ₹1,884 Cr. The budgeted standalone capex for FY25 is ₹4,691 Cr., of which ~₹3,000 Cr., is towards new growth businesses. Additionally, the Board has approved an investment of ₹287 Cr. (₹118 Cr. to be spend in FY25) for additional pulp capacity at Harihar and ₹20 Cr. for Textiles business.&nbsp;<h3>Sustainability</h3>For FY24, Grasim has achieved its highest ever S&amp;P Global ESG Score of 71 by Dow Jones Sustainability Index (DJSI), recognising our sustainability initiatives. The Company remains committed to increase the adoption of renewable energy and water recycling across manufacturing units. On a standalone basis, the proportion of recycled water consumption to freshwater consumption improved to 52%. The share of renewable power consumption on Standalone Businesses stood at 11%.&nbsp;<h3>Outlook</h3>Grasim Industries Limited with its significant presence across businesses is well positioned to capitalise on the opportunities in diverse sectors of the fast-growing Indian economy. The Government’s continued focus on infrastructure &amp; housing, manufacturing, financialisation and thrust on increasing economic prosperity of the large section of people augurs well for the Company.

Grasim Industries Q2FY25 Results: Consolidated Revenue up by 11%

Consolidated PAT at ₹3,909 crore up 78%; India business PAT at ₹2,850 crore, up 135%&nbsp;<h3>Key Highlights of Q2 FY25 (vs. Q2 FY24)</h3><ul><li>Aluminium Upstream EBITDA at ₹3,709 crore, up 79%; EBITDA margin at 41%</li><li>All-time high quarterly Copper EBITDA at ₹829 crore, up 27%</li><li>Novelis’ Rolled Product shipments at 945 KT, up 1%</li><li>Consolidated EBITDA at ₹9,100 crore, up 49%</li><li>Consolidated Net Debt to EBITDA at 1.19x as of September 30th, 2024</li><li>Hindalco ranks as the World’s Most Sustainable Aluminium Company for the 5th consecutive year in S&amp;P Global Corporate Sustainability Assessment rankings 2024&nbsp;</li></ul>&nbsp;&nbsp;<a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, reported a consolidated net profit of ₹3,909 crore for the second quarter, up 78%, driven by a strong operational performance by the India business, favourable macros and prudent cost management. Aluminium Upstream EBITDA per tonne was at $1,349, up 80%, with industry-best margins of 41%. Copper Business delivered another record-breaking performance in Q2, with EBITDA at an all-time high of ₹829 crore, up 27%. Novelis’ performance was impacted by the Sierre flood and tightening of scrap spreads. Excluding the Sierre flood impact, shipments grew by 4% and EBITDA per tonne was at $502 (As per US GAAP).&nbsp;Hindalco continues to generate healthy cash flow which helped the Company keep the Net Debt to EBITDA ratio below 1.2x.&nbsp;&nbsp;<h3>Consolidated Financial Highlights for the Quarter and Half Year ended September 30, 2024</h3><figure class="table" style="float:left;width:100%;"><table><tbody><tr><td>Particulars</td><td>Q2 FY24</td><td>Q1 FY25</td><td>Q2 FY25</td><td>H1 FY24</td><td>H1 FY25</td></tr><tr><td>Revenue from Operations</td><td>54,169</td><td>57,013</td><td>58,203</td><td>1,07,160</td><td>1,15,216</td></tr><tr><td>Earning Before Interest, Tax, Depreciation &amp; Amortisation (EBITDA)</td><td>&nbsp;</td><td>&nbsp;</td><td>&nbsp;</td><td>&nbsp;</td><td>&nbsp;</td></tr><tr><td>Novelis*</td><td>3,998</td><td>4,170</td><td>3,872</td><td>7,454</td><td>8,042</td></tr><tr><td>Aluminium Upstream</td><td>2,074</td><td>3,493</td><td>3,709</td><td>4,009</td><td>7,202</td></tr><tr><td>Aluminium Downstream</td><td>156</td><td>110</td><td>154</td><td>291</td><td>264</td></tr><tr><td>Copper</td><td>653</td><td>805</td><td>829</td><td>1,184</td><td>1,634</td></tr><tr><td>Business Segment EBITDA</td><td>6,881</td><td>8,578</td><td>8,564</td><td>12,938</td><td>17,142</td></tr><tr><td>Inter Segment Profit/ (Loss) Elimination (Net)</td><td>-</td><td>(230)</td><td>3</td><td>(1)</td><td>(227)</td></tr><tr><td>Unallocable Income/ (Expense) - (Net) &amp; GAAP Adjustments</td><td>(785)</td><td>(356)</td><td>533</td><td>(732)</td><td>177</td></tr><tr><td>EBITDA</td><td>6,096</td><td>7,992</td><td>9,100</td><td>12,205</td><td>17,092</td></tr><tr><td>Finance Costs</td><td>1,034</td><td>859</td><td>869</td><td>2,026</td><td>1,728</td></tr><tr><td>PBDT</td><td>5,062</td><td>7,133</td><td>8,231</td><td>10,179</td><td>15,364</td></tr><tr><td>Depreciation &amp; Amortisation (including impairment)</td><td>1,864</td><td>1,957</td><td>2,074</td><td>3,654</td><td>4,031</td></tr><tr><td>Share in Profit/ (Loss) in Equity Accounted Investments (Net of Tax)</td><td>-</td><td>2</td><td>-</td><td>2</td><td>2</td></tr><tr><td>Profit before Exceptional Items and Tax</td><td>3,198</td><td>5,178</td><td>6,157</td><td>6,527</td><td>11,335</td></tr><tr><td>Exceptional Income/ (Expenses) (Net)</td><td>33</td><td>(330)</td><td>(514)</td><td>21</td><td>(844)</td></tr><tr><td>Profit Before Tax (After Exceptional Item)</td><td>3,231</td><td>4,848</td><td>5,643</td><td>6,548</td><td>10,491</td></tr><tr><td>Tax</td><td>1,035</td><td>1,774</td><td>1,734</td><td>1,898</td><td>3,508</td></tr><tr><td>Profit/ (Loss) After Tax</td><td>2,196</td><td>3,074</td><td>3,909</td><td>4,650</td><td>6,983</td></tr><tr><td>EPS (₹/Share) Basic</td><td>9.88</td><td>13.84</td><td>17.59</td><td>20.93</td><td>31.43</td></tr></tbody></table></figure>*As per US GAAP&nbsp;&nbsp;Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said, "Our India business delivered a strong operational performance in Q2 bolstered by our relentless focus on operational reliability and cost management. Consequently, our Aluminium India Upstream business reported an EBITDA per tonne of $1,349— the highest in the last 10 quarters and the best-in-industry globally. The Copper business achieved another record quarterly EBITDA. Novelis’ global footprint allowed the company to achieve record beverage packaging shipments, partially offsetting the impact from the flooding-related outage at Sierre.During the quarter, we made significant progress across our growth projects in India Business and Novelis. Our company’s robust cash flow generation enabled us to maintain a consolidated net debt-to-EBITDA ratio below 1.2x.&nbsp;Notably, Hindalco has been recognized as the World's Most Sustainable Aluminium Company for the fifth consecutive year in the S&amp;P Global Corporate Sustainability Assessment rankings 2024, achieving a score of 87 out of 100—up 9 points from last year’s score, and our highest score till date. This achievement underscores our comprehensive approach to ESG, with dedicated efforts towards water positivity, zero waste to landfill, net-zero emissions, and preserving biodiversity.”&nbsp;&nbsp;<h3>Advancing Sustainably</h3>On the ESG front, Hindalco’s score of 87 out of 100 (as of October 30, 2024) was over 20 points ahead of its closest peer, reflecting continuous improvements in environmental, social, and governance (ESG) parameters. Hindalco secured 100th percentile in the environmental segment with an overall score of 87, which is 24 points higher than its nearest peer. In the social category, the company scored 89, which is &nbsp;23 points ahead of its closest peer. In terms of governance, Hindalco scored 84, which is 12 points higher than its nearest peer. S&amp;P Global’s Dow Jones Sustainability Indices (DJSI) is the world’s leading provider of ratings, and only the most sustainable global companies are considered for inclusion in the list.&nbsp;&nbsp;<h3>Segment-wise Performance</h3>Novelis*<ul><li>Shipments at 945 KT, up 1%, led by record beverage packaging shipments</li><li>Novelis Revenue at $4.3 billion, up 5%, driven by higher average aluminum prices</li><li>Adjusted EBITDA at $462 million, down 5% due to less favourable metal benefit, unfavourable product mix, and $25 million flood impact at Sierre</li><li>Net Income at $128 million, down 18%, affected by $61 million in charges from Sierre production interruptions, along with restructuring and impairment costs</li><li>Sierre Plant flood: Total net cash impact $80 million after insurance, with a $30 million effect on adjusted EBITDA, $25 million occurring this quarter</li></ul>*As per US GAAP&nbsp;&nbsp;<h3>Aluminium (India)&nbsp;</h3><ul><li>Quarterly Upstream revenue at ₹9,125 crore, up 16%</li><li>Aluminium Upstream EBITDA at ₹3,709 crore up 79% supported by lower input costs</li><li>Upstream EBITDA margins, at 41%, best in the global industry</li><li>Downstream revenue at ₹3,161 crore, up 20%</li><li>Sales of Downstream Aluminium stood at 103 KT, up 10%</li><li>Downstream EBITDA per tonne was $179, down 11%</li></ul>&nbsp;&nbsp;<h3>Copper (India)</h3><ul><li>Quarterly revenue at ₹13,114 crore, up 5%</li><li>EBITDA at an all-time high of ₹829 crore, up 27%</li><li>Copper metal sales were at 117 KT, down 13%</li><li>Copper Continuous Cast Rod (CCR) sales were at 90 KT, down 10%</li></ul>&nbsp;<h3>Business Updates &amp; Recognition&nbsp;</h3><ul><li>Hindalco retains the leadership position in the S&amp;P Corporate Sustainability Assessment rankings 2024 for the fifth consecutive year, with a score of 87 out of 100 - an improvement of 9 points over its 2023 score, and its highest score till date</li><li>Novelis’ Bay Minette project remains on track; expected to be completed by second half of CY26</li><li>Aditya Flat Rolled Product (FRP) expansion in Odisha to be commissioned by FY26 increasing aluminium downstream capacity from 430,000 tonnes to 600,000 tonnes</li><li>India’s first Greenfield Inner Grooved Tubes project with a 25,000-tonne capacity, to be commissioned in January 2025</li></ul>

Hindalco Q2 FY25 results: Strong India performance drives up consolidated profits

<a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited</a> (“The Company”) announced its unaudited financial results for the quarter and half year ended September 30, 2024.<figure class="table"><table><tbody><tr><td>Particulars</td><td>Q2 FY24</td><td>Q2 FY25</td><td>Y-o-Y Growth</td></tr><tr><td>Consolidated Revenue*</td><td>8,831</td><td>12,007</td><td>36%</td></tr><tr><td>Consolidated Profit After Tax</td><td>705</td><td>1,001</td><td>42%</td></tr></tbody></table><figcaption>In ₹ Crore</figcaption></figure><div class="page-break" style="page-break-after:always;">&nbsp;</div>The consolidated profit after tax grew 42% year-on-year and 32% sequentially to ₹ 1,001 crore in Q2 FY25. The consolidated profit after tax includes gain of ₹ 167 crore on sale of entire stake of 50% in <a href="/businesses/brands/aditya-birla-insurance-brokers-limited-abibl/">Aditya Birla Insurance Brokers Limited</a>.The consolidated revenue* grew by 36% year-on-year to ₹ 12,007 crore in Q2 FY25. The overall lending portfolio (NBFC and HFC) grew by 27% year-on-year and 8% sequentially to ₹ 1,37,946 crore as on September 30, 2024.The total AUM (AMC, life insurance and health insurance) grew by 24% year-on-year and 9% sequentially to ₹ 5,01,152 crore as on September 30, 2024. The total premium (life insurance and health insurance) grew by 29% year-on-year to ₹ 10,828 crore in H1 FY25.The Company’s omnichannel architecture allows customers to choose the channel of their choice and interact seamlessly across digital platforms, branches and VRMs, fostering engagement and loyalty. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 20 products and services such as payments, loans, insurance, and investments. Its unique feature of ‘My Track’ helps users track their personal finance, credit history and health. During the quarter, the Company has introduced new products such as digigold gifting, family health scan and pocket insurance. It helps customers to fulfil their financial needs and serves as an acquisition engine for the Company. The platform has witnessed a strong response with more than 2.5 million customer acquisitions till date.The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It continues to scale up quite well with more than 1.6 million registrations. The Company is also seeing an increased adoption from its existing customers, and as a result the total portfolio of Udyog Plus has crossed ₹ 2,900 crore.The Company has a pan-India presence of 1,470 branches across all businesses as of September 30, 2024. The Company is focused on capturing white spaces and driving penetration into tier 3 and tier 4 towns and new customer segments. &nbsp;<h3>Highlights of NBFC business in Q2 FY25</h3><ul><li>Disbursements grew by 17% year-on-year and 44% sequentially to ₹ 19,322 crore</li><li>AUM grew by 23% year-on-year and 7% sequentially to &nbsp;₹ 1,14,710 crore&nbsp;</li><li>Loans to Retail, SME and HNI customers constitute 65% of the total portfolio&nbsp;</li><li>Profit before tax grew by 15% year-on-year to ₹ 844 crore&nbsp;</li><li>Return on assets was 2.34% and return on equity was 15.56%&nbsp;</li><li>Credit costs improved by 18 basis points sequentially from 1.43% to 1.25%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 100 basis points year-on-year and 21 basis points sequentially to 4.24%&nbsp; &nbsp;</li></ul><h3>Highlights of Housing Finance business in Q2 FY25</h3><ul><li>Disbursements grew by 113% year-on-year and 31% sequentially to ₹ 4,010 crore</li><li>AUM grew by 51% year-on-year and 14% sequentially to ₹ 23,236 crore</li><li>Profit before tax grew by 7% year-on-year and 22% sequentially to ₹ 104 crore</li><li>Return on assets was 1.53% and return on equity was 11.54%</li><li>Gross stage 2 and 3 ratio improved by 218 basis points year-on-year and 42 basis points sequentially to 2.22%&nbsp; &nbsp;</li></ul><h3>Highlights of Asset Management business in Q2 FY25&nbsp;</h3><ul><li>Mutual fund quarterly average assets under management (QAAUM) grew by 9% sequentially and 23% year-on-year to ₹ 3,83,309 crore, with equity mix at 47.1%</li><li>Equity QAAUM grew by 39% year-on-year to ₹ 1,80,658 crore</li><li>Individual monthly average assets under management grew by 28% year-on-year to ₹ 2,03,391 crore</li><li>Monthly systematic investment plan (SIP) flows grew by 47% year-on-year to &nbsp; ₹ 1,425 crore in September 2024</li><li>Profit before tax grew by 42% year-on-year to ₹ 335 crore</li></ul><h3> Highlights of Life Insurance business in H1 FY25</h3><ul><li>Individual First Year Premium (FYP) grew by 33% year-on-year to ₹ 1,578 crore</li><li>Group New Business Premium grew by 45% year-on-year to ₹ 2,834 crore</li><li>Renewal premium grew by 12% year-on-year to ₹ 3,942 crore</li><li>13th month persistency continued to improve at 88% in September 2024 (September 2023: 87%)</li><li>61st month persistency was strong at 67% in September 2024 (September 2023: 60%)</li><li>Net VNB margin was 7.4%</li><li>Embedded value grew by 21% year-on-year to ₹ 12,368 crore</li></ul><h3> Highlights of Health Insurance business in H1 FY25</h3><ul><li>Gross written premium (GWP) grew by 39% year-on-year to ₹ 2,171 crore, with Retail premium growth at 51% year-on-year</li><li>Market share among standalone health insurers (SAHI) increased by 123 basis points year-on-year to 11.9%</li><li>Combined ratio improved to 113% from 119% in H1 FY24</li></ul>*Consolidated segment revenue; for Ind AS statutory reporting purpose Asset management, wellness business and health insurance are not consolidated and included under equity accounting.

Aditya Birla Capital Q2 FY25 Results: Strong earnings and PAT

Registers Consolidated Net Sales of Rs. 15,308 crores and Profit after tax of Rs. 820 crores.<a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement Limited</a>, an Aditya Birla Group company today announced its financial results for the quarter ended 30th September, 2024.&nbsp;<h3>Financial Results: Q2FY25</h3><figure class="table"><table class="ck-table-resized"><colgroup><col style="width:23.85%;"><col style="width:19.08%;"><col style="width:19.08%;"><col style="width:19.55%;"><col style="width:18.44%;"></colgroup><thead><tr><th style="text-align:center;">&nbsp;</th><th style="text-align:center;" colspan="2">Consolidated</th><th style="text-align:center;" colspan="2">Standalone</th></tr><tr><th style="text-align:center;">Particulars</th><th style="text-align:center;">Q2FY25</th><th style="text-align:center;">Q2FY24</th><th style="text-align:center;">Q2FY25</th><th style="text-align:center;">Q2FY24</th></tr></thead><tbody><tr><td style="text-align:center;">Net Sales</td><td style="text-align:center;">15,308</td><td style="text-align:center;">15,735</td><td style="text-align:center;">14,575</td><td style="text-align:center;">15,195</td></tr><tr><td style="text-align:center;">PBIDT</td><td style="text-align:center;">2,239</td><td style="text-align:center;">2,718</td><td style="text-align:center;">2,114</td><td style="text-align:center;">2,609</td></tr><tr><td style="text-align:center;">PAT</td><td style="text-align:center;">820</td><td style="text-align:center;">1,281</td><td style="text-align:center;">797</td><td style="text-align:center;">1,221</td></tr></tbody></table><figcaption>(Rs. in crores)</figcaption></figure>&nbsp;<h3>FINANCIALS</h3>Consolidated Net Sales was Rs. 15,308 crores vis-à-vis Rs. 15,735 crores over the corresponding period of the previous year. Profit before interest, depreciation and tax was Rs. 2,239 crores compared to Rs. 2,718 crores. Profit after tax was Rs. 820 crores compared to Rs. 1,281 crores.&nbsp;<h3>OPERATIONS</h3>UltraTech achieved capacity utilisation of 68% during the quarter. Domestic sales volume grew 3% YoY on a consolidated basis despite incessant rains throughout the country this season.Energy costs were lower by 14% YoY, while raw material costs rose 1% on account of an increase in the cost of flyash and slag.UltraTech successfully raised US$500 million through a sustainability-linked loan with participation from six banks. The transaction marks the second sustainability-linked financing, after the inaugural sustainability-linked bond issuance in 2021. This financing signifies the ongoing commitment to align the Company’s funding strategy with its sustainability and ESG goals.&nbsp;<h3>CAPITAL EXPENDITURE</h3>UltraTech’s expansion program is progressing as per schedule.The capacity expansion drive is on a scale that is globally unprecedented in the cement sector. With the completion of the ongoing expansion projects across India by FY27, and receipt of statutory approvals for the acquisitions of Kesoram Cement (10.75 MTPA) and The India Cements (14.45 MTPA), UltraTech’s total cement capacity will surpass 200 MTPA. This expanded manufacturing footprint will help reduce operational costs, and improve customer service, leveraging the Company’s strong nation-wide presence and its distribution network. More importantly, this scale will further enable UltraTech to service India’s growing demand for cement across the country, reinforcing UltraTech’s contribution to nation’s development&nbsp;<h3>SUSTAINABILITY</h3>UltraTech has been ranked No. 1 in the <a href="/businesses/sectors/cement/">Cement</a> and Building Materials sector at the 4th Edition of Business World’s India’s Most Sustainable Companies 2024 (IMSC 2024), and No. 17 out of the top 200 Companies in India. This is the fourth consecutive time UltraTech has topped the sectoral ranking, an acknowledgement of its efforts in driving sustainability across the value chain of its operations. The framework for the award examines a wide range of environmental, social, and governance (ESG) criteria to provide a holistic view of each company’s sustainability efforts.In line with its stated commitment towards enhancing environment conservation measures, UltraTech commenced 8 MW of WHRS capacity during the quarter. With this, the Company’s total WHRS capacity stands augmented to 308 MW. The share of green power (including WHRS and RE Power) in the Company’s power mix is 32% for the quarter.&nbsp;<h3>GOING FORWARD</h3>UltraTech’s ambitious capacity expansion capitalises on the substantial long term growth potential of India’s cement sector. Its growth trajectory aligns closely with India’s broader growth story. By increasing its scale, the Company will meet the rising demand for cement nationwide. Increase in Government spending on Infrastructure sector and rising demand from the urban housing sector is expected to generate a sustainable volume growth of 7-8% in future years.UltraTech aims to make a meaningful contribution to the nation’s progress by laying the groundwork for infrastructure that shapes modern India.

UltraTech Cement Limited announces Q2FY25 results

UltraTech to buy 26% stake in O2 Renewable for green energy needs

Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFC

Grasim Industries ventures into paint business with Birla Opus, eyes second-largest position in the sector

Hindalco on track to meet clean energy targets two years ahead

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Aditya Birla Group Hindustan Times Leadership Summit 2024

<img class="image_resized image-style-align-left" style="width:30%;" src="https://www.cms.adityabirla.com/uploads/group_of_rural_school_girls_568f4f6dd3.webp" alt="group-of-rural-school-girls.webp">Education is a powerful catalyst for change, and Aditya Birla Group is committed to harnessing its transformative potential. Through diverse initiatives, Group businesses are shaping a brighter, more inclusive future for communities worldwide. Let’s dive into these collective efforts.For Aditya Birla Group, education work is not just an initiative—it is a transformative tool for socio-economic change, a ‘<a href="/our-story/a-force-for-good/">Force for Good</a>’ that touches lives across communities and geographies. Guided by the Group's philosophy of trusteeship, education has become a key aspect in the social efforts of different Group businesses, with an aim to improve lives, create opportunities, and ensure that every child has the chance to learn, grow, and thrive. This approach is not just about classrooms—it’s about nurturing minds, providing sustainable support, and building pathways for future leaders.&nbsp;&nbsp; &nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h3>Opening doors to education</h3>Across Aditya Birla Group businesses, education initiatives are creating doors of opportunity that open to brighter futures. Hindalco’s commitment to education in underprivileged communities, especially for girls, has touched over 12,000 students in 17 schools. By focusing on elementary and secondary education, vocational training, and skill development, <a target="_blank" rel="noopener noreferrer" href="https://www.adityabirla.com/businesses/companies/hindalco-industries-limited/">Hindalco</a> has empowered students to break the cycle of poverty.The impact extends beyond borders through its subsidiary, Novelis, where over 700,000 students have benefited from its partnership with the FIRST initiative, and thousands more engage in STEM programs. This collective effort ensures that every child has access to the knowledge and skills they need to thrive, regardless of their socio-economic background.<h3> Fostering lifelong learning</h3><a href="/businesses/companies/grasim-industries-limited/">Grasim</a> continues to build upon this foundation by enhancing the quality of education for rural children. With initiatives like the School Enrolment Programme and Project Gyanarjan, Grasim works to ensure that children not only stay in school but excel academically. These initiatives have supported over 90,000 beneficiaries, providing resources such as uniforms, educational materials, and coaching to students from marginalised backgrounds. Through this approach, Grasim is investing in today’s students and laying the groundwork for future generations to access better education and brighter career prospects.<h3> Modernising education</h3>But education is more than just staying in school—it’s about fostering curiosity, critical thinking, and the drive to succeed. <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital</a> is transforming learning experiences with digital classrooms, upgraded science labs, and mobile learning tools in regions like Uttar Pradesh and Rajasthan, reaching over 65,000 students. These upgrades go beyond infrastructure: they encourage students to explore new areas of knowledge, bridging gaps in understanding and preparing them for future challenges. Remedial classes and career counselling programs further ensure that every child, once again, especially from marginalised communities, has the resources and guidance to reach their full potential.<h3> <img class="image_resized image-style-align-right" style="width:35%;" src="https://www.cms.adityabirla.com/uploads/teacher_with_students_around_ac42b1361c.webp" alt="teacher-with-students-around.webp">Focusing on the girl child</h3>A key focus of these educational initiatives has been the empowerment of young girls, who often face barriers to education due to societal norms. <a href="/businesses/companies/aditya-birla-fashion-and-retail-limited-abfrl/">Aditya Birla Fashion &amp; Retail’s</a> School Transformation Project and Gyanarjan have impacted nearly 130,000 girls, providing them with the opportunity to overcome these obstacles and pursue their academic and professional dreams.The company's holistic approach extends beyond academics to include career counselling, extracurricular activities, and digital literacy programs. A shining example of this success is the achievement of students from Kasturba Gandhi Balika Vidyalayas, where over 95% of students passed their Class 10 exams, laying a strong foundation for their future.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h3>Innovating for sustainable learning</h3>Education at Aditya Birla Group is also about creating environments that foster long-term growth and sustainability. UltraTech Cement’s CSR initiatives have established 31 schools, reaching nearly 20,000 students, and supporting over 295 anganwadis, impacting 12,000 children. But their work goes beyond just building schools; they are creating self-sustaining environments. By introducing solar energy projects in schools near their cement plants, UltraTech has improved learning conditions for 1,500 students while reducing dependence on grid electricity. Their Navodaya Coaching Program further prepares students for entrance exams, equipping them with the skills needed for a brighter future.<h3> Education as a path to opportunity</h3>In regions where barriers like child labour threaten children’s futures, education becomes the tool for transformation. Century Paper’s Smart Schools initiative works with local NGOs to enrol children from marginalised communities in schools, providing them with the education and digital literacy necessary to build brighter futures. By reducing child labour and offering opportunities for academic and personal growth, <a href="/businesses/companies/century-pulp-and-paper/">Century Paper</a> is not only transforming individual lives but also empowering entire communities to break free from the cycles of poverty and exploitation.<h3> A force for good futures</h3><img class="image_resized image-style-align-left" style="width:35%;" src="https://www.cms.adityabirla.com/uploads/key_in_a_book_4ebeabc332.webp" alt="key-in-a-book.webp">These diverse education initiatives across Aditya Birla Group businesses reflect a shared vision of inclusion, equity, and sustainability. Together, they support a learning ecosystem where the aim is not just to provide education, but to create lasting, transformative change. The Group’s focus on marginalised communities, particularly girls, and its commitment to enhancing educational infrastructure ensure that the future is brighter for all.With these combined efforts, <a target="_blank" rel="noopener noreferrer" href="https://www.adityabirla.com/our-story/group-purpose/">Aditya Birla Group</a> is helping shape the citizenry of tomorrow, offering opportunities for empowerment, and laying the foundation for a more prosperous future; it is a Force for Good that is dedicated to transforming lives through education.<div class="page-break" style="page-break-after:always;">&nbsp;</div>

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Reshaping the future through education 

As demand for sustainable, high-quality materials grows, <a href="/businesses/companies/birla-carbon/">Birla Carbon</a> is pioneering innovations in circularity and sustainability—driving a future where <a href="/businesses/sectors/carbon-black/">Carbon Black</a> powers essential products responsibly.Carbon Black serves many distinct uses in our everyday life from powering lithium-ion batteries to strengthening cables, tyres and waterpipe systems. In its pure form, Carbon Black for industrial purposes is engineered by fusing together carbon nanoparticles to form unique three-dimensional aggregates. Birla Carbon, Aditya Birla Group’s flagship company in the Carbon Black sector, has a formidable leadership presence for over 160 years. With a global manufacturing presence and significant production capabilities, Birla Carbon is one of the largest manufacturers and suppliers of high-quality carbon-based solutions.<h3> Innovation through sustainability</h3>Continua 8030 SCM is Birla Carbon’s latest offering in the Continua brand which was launched in 2021. The launch of the circular material designed to address the growing sustainability needs of customers across India and Asia reinforces Birla Carbon’s commitment to innovation through sustainability. It positions the business as a reliable partner in supporting customers worldwide in achieving their sustainability goals.<h3> The Continua 8030 SCM advantage</h3>Sustainability commitment: As part of Birla Carbon’s sustainability pledge, Continua 8030 SCM enhances the content of circular products, aiding customers in their environmental stewardship goals.&nbsp;Security of supply in large volumes: Local manufacturing in India ensures a steady supply of larger volumes of high-quality Continua 8030 SCM that meet the rigorous demands of various industries.Consistent quality: Stringent control over feedstock and highest operational standards ensure consistency in lot-to-lot quality.Comprehensive technical support: &nbsp;Robust technical handholding facilitates smooth product integration which helps optimise performance across disparate applications.Advanced quality assurance: Continua 8030 SCM is supported by state-of-the-art laboratories and quality control measures, which guarantees top-tier quality and reliability.&nbsp;Customised solutions: Blended solutions that are tailored to meet operational and sustainability goals.&nbsp;Through the strategic joint venture with Finster, Continua 8030 SCM is now available to customers in India and Asia.<h3> Revolutionising the carbon black industry</h3>Birla Carbon also announced the launch of its first Asia Post-Treaent (APT) Plant in India, a brownfield initiative located at the company’s Patalganga unit in Maharashtra. This cutting-edge facility, equipped with the latest treaent technology, will revolutionise the carbon black industry by offering the highest levels of flexibility, efficiency, and precision, and will meet the fast-growing demand for high-performance carbon black grades in key industries like coatings and inks.The new plant is a significant milestone in Birla Carbon’s journey towards creating and deploying cutting-edge technology solutions to meet customer needs. With Asia fast becoming an emerging market for the carbon black industry, the plant’s strategic location will not only encourage innovation but will enable Birla Carbon to leverage its global reactor capabilities. It also serves as a key backup to Birla Carbon’s USA facility in North Bend, Louisiana.The Asia Post-Treaent Plant’s advanced technology ensures precise control over reaction times, thereby facilitating the production of ultra-high-performance grades customised to customers’ specific needs.<h3> The future is here</h3>The APT facility’s ability to meet stringent clean product standards affords it a distinct advantage over traditional products and cements Birla Carbon’s position as a leader in delivering sustainable, high-quality, carbon-based solutions for the future.With innovation and sustainability as drivers in every aspect of operations, Birla Carbon is not only meeting the current global demand in high-growth sectors but also anticipating future demand while setting new standards for quality, reliability and environmental responsibility.The APT facility is geared to meet a broad range of applications including packaging inks and automotive and industrial coatings. Alongside, it is also strategically designed to tap into niche markets such as toys and tool coatings, where the demand for low PAH products is rapidly growing.&nbsp;

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