Aditya Birla Sun Life Asset Management Company has announced a 7% increase in its net profit for the December quarter, rising to ₹224 crore from the previous year’s ₹209 crore. Total income also increased by 30% to ₹445 crore from ₹341 crore. However, expenses also saw a rise to ₹184 crore from ₹157 crore, primarily due to higher employee benefits and other costs.
The average assets under management (AUM) for the company saw a 23% growth to reach ₹3.84 lakh crore, compared to ₹3.11 lakh crore in the previous year. Both equity and fixed income AUM saw significant increases of 32% and 16% respectively, with equity AUM reaching ₹1.79 lakh crore and fixed income AUM reaching ₹2.04 lakh crore.
A notable increase was also seen in the monthly average AUM from B-30 cities, which grew by 24% to ₹690 crore. Inflows through Systematic Investment Plans (SIP) jumped by 38% to ₹1,382 crore from ₹1,005 crore.
Despite the positive financial results, the company’s shares saw a decline of 9% to reach ₹643 on Monday.
Published on January 27, 2025.
