Earnings Review
Aditya Birla AMC Q2 PAT, sales in line with Street view
This story was originally published at 16:43 IST on 24 October 2025
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--Aditya Birla AMC Jul-Sept net profit INR 2.45 bln
--Analysts saw Aditya Birla AMC Jul-Sept net profit INR 2.41 bln
--Aditya Birla AMC Jul-Sept revenue INR 4.58 bln
--Analysts saw Aditya Birla AMC Jul-Sept revenue INR 4.64 bln
--Aditya Birla AMC Jul-Sept net profit INR 2.45 bln vs INR 2.41 bln yr ago
--Aditya Birla AMC Jul-Sept revenue INR 4.58 bln vs INR 4.18 bln year ago
--Aditya Birla AMC Apr-Sept net profit INR 5.22 bln vs INR 4.75 bln year ago
--Aditya Birla AMC Apr-Sept revenue INR 9.00 bln vs INR 7.98 bln year ago
MUMBAI – Aditya Birla Sun Life AMC Ltd.'s net profit for the September quarter grew in the low single digit year-on-year despite a double-digit rise in revenue for the three-month period. The asset manager's other income saw a sharp year-on-year decline for the reporting quarter. Both the top line and the bottom line of the company for the September quarter were largely in line with the Street's projections.
The company reported a net profit of INR 2.45 billion for the quarter under review, up 1.4% on year. Analysts had expected a bottom line of INR 2.41 billion. Its top line for the reporting quarter stood at INR 4.58 billion, up nearly 10% on year. Analysts had expected a net sales figure of INR 4.64 billion.
The asset manager's total income for the period was INR 5.03 billion, down nearly 2% from the year-ago quarter. The decline was driven by a 53% on-year fall in other income to INR 448 million. Analysts had expected the company's other income to decline due to adverse mark-to-market equity investments and lower bond yields in the September quarter.
Aditya Birla AMC's total expenses for the June quarter stood at INR 1.84 billion, up nearly 3% on year. Of these, the employee benefit expense increased more than 6% on year to INR 907 million.
For the half year ended Sept. 30, the company's net profit grew nearly 10% on year to INR 5.22 billion. Its revenue was up nearly 13% on year at INR 9.00 billion and its total income increased 7.6% on year to INR 10.63 billion. The company's other income for this period contracted by more than 14% on year to INR 1.62 billion while its total expenses grew nearly 6% on year to INR 3.72 billion.
The company's overall quarterly average assets under management for the September quarter increased 15% on year to INR 4.61 trillion. In Jul-Sept, mutual fund assets under management totalled INR 4.25 trillion, nearly 10% higher on year. Equity mutual fund assets under management grew 6% to INR 1.92 trillion during the reporting quarter. Equity mutual fund mix was 45.3% in the quarter. The company's fixed income assets grew 15% to INR 2.30 trillion, the company said in a presentation to investors.
Individual monthly average assets under management saw a 1.6% increase during the reporting quarter to INR 2.06 trillion. The company serviced 10.7 million portfolios as of Sept. 30, 5% more than it did a year ago.
The funds under the company's portfolio management services and alternative investment funds surged to INR 303 billion as of Sept. 30. A year ago, this figure was INR 39 billion. The company is actively raising funds for its Aditya Birla Sun Life Opportunities Funds and the Aditya Birla Sun Life Money Managers Fund. It is also working to launch the Aditya Birla Sun Life Equity Innovation Fund, according to the investor presentation.
The asset manager said the assets under management of its exchange-traded funds grew more than five-fold from the September quarter of FY23 to INR 88 billion owing to a low base. These funds have grown nearly 13% on year. However, the company's offshore assets under management fell to INR 48 billion from INR 127 billion a year ago.
Monthly contributions towards systematic investment plans during the quarter were at INR 11 billion across 3.90 million accounts. The company registered around 582,000 new systematic investment plans during the reporting quarter, whereas it had new registrations of 1.16 million in the year-ago quarter.
Friday, shares of the company closed 2.4% lower at INR 830.60 on the National Stock Exchange. End
Edited by Rajeev Pai
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