Earnings Review
Loss on investments drags Aditya Birla AMC's PAT down in Q4
This story was originally published at 17:11 IST on 23 April 2026
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--Aditya Birla AMC Jan-Mar net profit INR 1.92 bln vs INR 2.27 bln yr ago
--Analysts saw Aditya Birla AMC Jan-Mar net profit at INR 1.97 bln
--Aditya Birla AMC Jan-Mar revenue INR 4.55 bln vs INR 4.23 bln year ago
--Analysts saw Aditya Birla AMC Jan-Mar revenue at INR 4.56 bln
--Aditya Birla AMC to pay INR 25.50 per share final dividend
--Aditya Birla AMC FY26 net profit INR 9.86 bln vs INR 9.25 bln yr ago
--Aditya Birla AMC FY26 revenue INR 18.31 bln vs INR 16.59 bln year ago
By Krity Ambey
NEW DELHI – Despite growth in revenue from operations, mark-to-market loss on investments by Aditya Birla Sun Life AMC Ltd. weighed on its net profit for the March quarter. The company registered a year-on-year fall in net profit for the first time in 10 quarters.
The asset management company Thursday reported a net profit of INR 1.92 billion for the March quarter, down nearly 16% on year. Sequentially, the profit declined nearly 30% from INR 2.72 billion for the December quarter. The net profit was also slightly lower than analysts' expectation of INR 1.97 billion.
The company's revenue from operations for the March quarter rose nearly 8% on year to INR 4.55 billion, exactly in line with the Street view. But a loss of INR 332.40 million on investments, determined by negative other income, brought the company's total income to INR 4.22 billion, down nearly 15% on year and 25% on quarter.
Following the release of the March quarter earnings, the company's share price fell to INR 1,015 from the opening price of INR 1,020 on the National Stock Exchange. The stock later recovered to close 2.7% higher at INR 1047.45. The company declared a final dividend of INR 25.50 per share. "Record date for the purpose of determining shareholders eligible to receive final dividend shall be intimated separately," the company said.
The asset management company's expenses grew 4.2% on year to INR 1.98 billion in the reporting quarter. Sequentially, spending increased only marginally from INR 1.95 billion in the December quarter, up 1.3% on quarter. This was mainly because the company's tax expense, at INR 324 million, was down 58% on year and 63% on quarter.
The company's assets under management grew 17% on year to INR 4.74 trillion in the March quarter. The asset mix had the largest share of equity mutual funds at INR 1.97 trillion, also up 17% on year, followed by INR 1.70-trillion of debt mutual funds, up 12% on year.
The asset manager's net profit for the financial year 2025–26 (Apr-Mar) was INR 9.86 billion, up nearly 7%. Its revenue from operations grew 10% to INR 18.31 billion in FY26. But a 29?ll in the company's other income took the total income to INR 20.44 billion, up only 4%. Its total expenses rose 6% to INR 7.65 billion even as the tax outgo declined 7% to INR 2.91 billion in the last financial year. End
Edited by Rajeev Pai
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