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What is the story about?
Aditya Birla Sun Life AMC reported a 20% year-on-year rise in net profit for the December quarter (Q3), with profit coming in at ₹269.4 crore compared with ₹224.6 crore a year earlier.
The company’s revenue increased 7.4% to ₹478 crore from ₹445 crore in the same quarter last year.
EBITDA rose 6% year-on-year to ₹290 crore, up from ₹274 crore. EBITDA margin stood at 60.65%, compared with 61.51% in the year-ago period.
On the asset base, Aditya Birla Sun Life AMC’s mutual fund QAAUM grew 15% year-on-year to ₹4,432 billion. Equity mutual fund QAAUM increased 11% to ₹1,994 billion, with the equity mix at 45%.
The company’s overall QAAUM, including alternate assets, rose 20% year-on-year to ₹4,814 billion. Passive QAAUM stood at ₹387 billion, marking a 28% annual increase.
The company’s revenue increased 7.4% to ₹478 crore from ₹445 crore in the same quarter last year.
EBITDA rose 6% year-on-year to ₹290 crore, up from ₹274 crore. EBITDA margin stood at 60.65%, compared with 61.51% in the year-ago period.
On the asset base, Aditya Birla Sun Life AMC’s mutual fund QAAUM grew 15% year-on-year to ₹4,432 billion. Equity mutual fund QAAUM increased 11% to ₹1,994 billion, with the equity mix at 45%.
The company’s overall QAAUM, including alternate assets, rose 20% year-on-year to ₹4,814 billion. Passive QAAUM stood at ₹387 billion, marking a 28% annual increase.
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