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Informist, Wednesday, Apr. 22, 2026

By Suryash Kumar

MUMBAI - Aditya Birla Sun Life AMC Ltd. is expected to post a fall in net profit for the March quarter owing to a decline in its assets under management arising from weakness in the capital markets, according to brokerages.

The asset management company is expected to report a net profit of INR 1.97 billion for the March quarter, down over 13% on year and over 28% on quarter, according to an average of estimates from six brokerages. The highest estimate for net profit is INR 2.30 billion from Nuvama Wealth Management Ltd. The lowest is INR 1.58 billion from Kotak Securities Ltd.

The sharper quarter-on-quarter decline in net profit is due to lower treasury income for the reporting period, according to analysts. The mutual fund revenue yield is also expected to decline on account of a change in the mix of assets under management and structural pressures, according to Equirus Securities Pvt. Ltd.

The company's net sales for the quarter are likely to be INR 4.55 billion, up nearly 8% on year but down over 4% on quarter, according to an average of six estimates. The highest estimate for net sales is INR 4.73 billion from Motilal Oswal Financial Sevices Ltd. and the lowest is INR 4.30 billion, once again from Kotak Securities.

The asset management company is expected to report lower revenue growth than its peers for the March quarter because of sluggish growth in its equity assets under management, according to Nuvama. Kotak Securities and Equirus expect the assets under management to decline nearly 2% on quarter. Aditya Birla Sun Life AMC's overall quarterly average assets under management as of Dec. 31 were INR 4.81 trillion.

The company will detail its March quarter financial results Thursday. Its shares are up more than 30% since it detailed the December quarter earnings on Jan. 22. Wednesday, its shares closed nearly 2% lower at INR 1,019.95 on the National Stock Exchange. 

Following are the March quarter earnings estimates, in INR billion, for Aditya Birla Sun Life Asset Management Co. from six brokerages in descending order of the net profit estimate:

End

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

Edited by Rajeev Pai

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