Earnings Review
Aditya Birla Sun Life AMC PAT up 6.6%, beats expectations
This story was originally published at 22:01 IST on 27 January 2025
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--Aditya Birla Sun Life AMC Oct-Dec PAT INR 2.22 bln vs INR 2.09 bln yr ago
--Aditya Birla Sun Life AMC Oct-Dec revenue INR 4.38 bln vs INR 3.36 bln
--Aditya Birla Sun Life AMC Apr-Dec PAT 6.97 bln vs INR 5.68 bln year ago
--Aditya Birla Sun Life AMC Apr-Dec revenue 12.37 bln vs INR 9.71 bln yr ago
--Aditya Birla AMC AUM INR 4.01 tln as on Dec 31
--Aditya Birla AMC: Equity AUM INR 1.80 tln as on Dec 31
--Aditya Birla AMC SIP flows INR 13.82 bln, up 38% on year
--Aditya Birla AMC MF Oct-Dec closing AUM INR 3.66 tln
By Vaishali Tyagi
MUMBAI – Solid growth in assets under management helped Aditya Birla Sun Life AMC Ltd. to report a 6.6% increase in its net profit for Oct-Dec, beating analysts' expectations. The fund manager's bottom line for the quarter ended December was at INR 2.22 billion, with brokerages estimating it would come in at INR 2.04 billion.
The asset management company's revenue from operations rose 30.6% on year to INR 4.38 billion in the quarter under review on the back of a 23.5% rise in the overall average assets under management to INR 4.01 trillion as on Dec. 31. The growth in average assets under management of the mutual fund was similar at 23.2% in Oct-Dec, while the equity mutual fund average AUM rose by a larger 32.0% to INR 1.80 trillion. However, sequentially, the equity average AUM was down 0.6% in Oct-Dec.
On the expenses front, the company's total expenditure for the December quarter was INR 1.79 billion, up 17.4% on year.
The closing mutual fund AUM was INR 3.66 trillion as of Dec. 31, up 17.2% on year, with Systematic Investment Plan inflows at INR 13.82 billion in December, up 37.5% on year, compared with a 50.3% year-on-year rise for the industry as a whole. For the nine months ended December, the company's net profit was INR 6.97 billion, while revenue from operations was INR 12.37 billion. Shares of the company ended 9.2% lower at INR 634.45 on the National Stock Exchange on Monday. End
Edited by Akul Nishant Akhoury
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