Aditya Birla Capital has reported a 68 per cent increase in its September quarter net profit at ₹227 crore (₹135 crore) on the back of higher income from its non-banking financial company (NBFC) business.

Revenue from operations more than doubled to ₹3,243 crore (₹1,254 crore). Lending book of the company has risen by 40 per cent to ₹44,675 crore in the quarter under review against ₹31,823 crore logged in the same period last year.

Aditya Birla Finance, the subsidiary of Aditya Birla Capital, posted profit before tax of ₹277 crore against ₹221 crore reported last year – the lending book has increased by 36 per cent to ₹38,898 crore (₹28,951crore). Gross NPA was down to 0.53 per cent from 0.93 per cent logged in Q2 FY’17.

The company has reported a capital infusion of ₹250 crore each in Aditya Birla Finance and Aditya Birla Housing Finance to fuel growth.

During the first half of this fiscal, the company recorded a net profit of ₹400 crore (₹245 crore) and revenue of ₹5,894 crore (₹2,372 crore).

Aditya Birla Capital was formed out of a composite scheme of arrangement, under which Aditya Birla Nuvo was merged with Grasim Industries; the financial services business was subsequently brought under Aditya Birla Capital. Aditya Birla Capital houses the group’s housing finance, broking, corporate lending, structured finance, wealth management, private equity and insurance businesses.

The company is announcing its financial results for the first time after listing on the bourses in September.

During the quarter, the company allotted 4.84 crore shares at ₹145.50 a share to PI Opportunity Fund, an Azim Premji family owned alternative investment fund.

Shares of Aditya Birla Capital was listed at ₹248 a share in September and has been falling ever since.

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