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Informist, Thursday, Jul. 24, 2025

--Aditya Birla AMC Apr-Jun net profit INR 2.77 bln vs INR 2.34 bln year ago

--Analysts saw Aditya Birla AMC Apr-Jun net profit INR 2.60 bln

--Aditya Birla AMC Apr-Jun revenue INR 4.42 bln vs INR 3.80 bln year ago

--Aditya Birla AMC board OKs incorporation of wholly owned arm in GIFT City

By Anand JC

NEW DELHI – Aditya Birla Sun Life AMC Ltd.'s net profit for the June quarter grew in double digits on year and beat analysts' estimates. Its revenue was largely in line with consensus expectations.

The company reported a net profit of INR 2.8 billion for the quarter under review, up nearly 18% on year. Analysts had expected a bottom line of INR 2.6 billion. Its top line for the reporting quarter stood at INR 4.4 billion, up just over 16% on year.

The asset manager's total income for the period was INR 5.6 billion, up around 18% from the year-ago quarter. This growth was also driven by a 24% on-year increase in its other income to INR 1.2 billion.

Its overall quarterly average assets under management for the June quarter increased 21% on year to INR 4.4 trillion. Of this, mutual fund quarterly average assets under management were INR 4.0 trillion, 14% higher on year. Equity mutual fund quarterly average assets under management grew 11% to INR 1.8 trillion during the reporting quarter. Equity mutual fund mix was 44.7% in the quarter.

Individual monthly average assets under management saw a 10% increase during the reporting quarter to INR 2.0 trillion. Individual mix was 49% of the total mutual fund assets under management, the company said in a press release.

The company serviced 10.7 million folios as of Jun. 30, 14% more than it did a year ago.

Monthly average assets under management from cities beyond the country's top 30 increased 12% on year during the quarter to INR 722.0 billion, and accounted for 17.4% of the company's mutual fund assets under management. Passive assets under management amounted to INR 364.0 billion. 

Monthly contributions towards systematic investment plans during the quarter were at INR 11.4 billion across 3.86 million accounts. The company registered around 583,000 new systematic investment plans during the reporting quarter.

Aditya Birla AMC's total expenses for the June quarter stood at INR 1.9 billion, up 9% on year. Of this, fees and commission expenses increased 29% on year to INR 135 million.

At 1456 IST, shares of the company were down 1.1% at INR 868.50.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Rajeev Pai

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