Aditya Birla Capital, the non-banking financial company of the eponymous aluminium-to-telecommunications group, reported a 30% rise in second-quarter net profit on strong loan demand.

Net profit rose 30% year-on-year to Rs 488 crore in the September quarter, supported by a 31% rise in the overall loan book.

Total loans rose 36% year-on-year to Rs 64,975 crore. The company provides loans to individuals, small and medium enterprises (SMEs), and high-net-worth individuals (HNIs), among others. These portions now account for 65% of the total loan amount.

Loan demand remained strong in the quarter, with disbursements rising by Rs 12,488 crore, more than double the previous year. About 70% are from the retail, SME and HNI industries.

Net interest margin (NIM), the difference between the yield on advances and the yield on funds paid, expanded by 35 basis points year-on-year to 6.58%.