Revenue from operations stood at Rs 101.30 crore in Q3 FY24, registering a growth of 51.47% from Rs 66.88 crore recorded in the same period a year ago.

Profit before tax jumped 55.44% year on year (YoY) to Rs 18.65 crore during the quarter under review.

Total expenses spiked 41.96% YoY to Rs 83.58 crore during the quarter. Finance costs was at Rs 23.93 crore (up 72.03% YoY) and employee benefits expenses stood at Rs 21.46 crore (up 32.04% YoY) in Q3 FY24. The company's revenue from broking business was at Rs 89.22 crore (up 61.34% YoY) while revenue from wholesale debt market came in at Rs 11.33 crore (up 7.19% YoY).

Aditya Birla Money (ABML) is a subsidiary of Aditya Birla Capital. The company is a stock broking and capital market products distributor, offering equity and derivative trading through NSE and BSE and currency derivative on MCX-SX and commodities trading through MCX and NCDEX.

The scrip declined 1.97% to Rs 137 on the BSE.