Aditya Birla Sun Life AMC Reports Strong Q1 FY25 Results

On July 24, 2024, Aditya Birla Sun Life AMC Limited (ABSLAMC) released its unaudited financial results for the quarter that ended on June 30, 2024.

Business Highlights

In the quarter ending June 30, 2024, Aditya Birla Sun Life AMC Limited (ABSLAMC) saw significant growth in its business. The total assets under management, including alternative assets, rose by 19% from the previous year, reaching ₹3,676 billion. Equity Mutual Fund assets increased by 37% to₹1,621 billion, with their share of total Mutual Fund assets rising from 40% to 46%.

Individual Monthly assets under management (AAUM) grew by 24% to ₹1,857 billion, making up 51% of the Mutual Fund AUM. The B-30 Monthly AAUM rose by 30% to ₹642 billion, representing 17.7% of the Mutual Fund AUM. Passive assets under management stood at ₹299 billion.

ABSLAMC serviced 9.4 million folios and saw a 39% increase in monthly systematic flows, reaching ₹13.67 billion with 4.05 million accounts. New Systematic Investment Plans (SIPs) grew by 310% year-on-year, with around 838,700 new registrations. Additionally, the company worked with over 83,000 KYD-compliant Mutual Fund Distributors, 330+ National Distributors, and 90 Banks through more than 300 locations, with over 80% of these in B-30 cities.

Financial Highlights

In the first quarter of FY25, Aditya Birla Sun Life AMC Limited (ABSLAMC) reached its highest-ever quarterly profit. The company’s total revenue for the quarter was ₹4.8 billion, marking a 24% increase from the previous year. Profit before tax climbed to ₹3.0 billion, up by 27% year-on-year. After-tax, the profit was ₹2.4 billion, reflecting a 28% rise compared to the same quarter last year.

About Aditya Birla Sun Life AMC Limited

Aditya Birla Sun Life AMC Limited was initially set up as Birla Capital International AMC Limited in Mumbai on September 5, 1994, and began operations on November 10, 1994. The company is a joint venture between the Aditya Birla Group and the Sun Life Group, with Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. as the major shareholders.

On July 25, 2024, the share price of Aditya Birla Sun Life AMC Ltd opened at ₹704.90, touching the high price of ₹716.75 as of 10:59 AM on NSE.

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