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Hot Pursuit News

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(27 Apr 2024, 15:07)

Aditya Birla Sun Life Q4 PAT climbs 54% YoY to Rs 208 crore

The asset management company’s consolidated net profit jumps 53.71% to Rs 208.38 crore on 23.1% rise in revenue from operations to Rs 365.57 crore in Q4 FY24 over Q4 FY23.


Total income stood at Rs 440.02 crore in the quarter ended 31 March 2024, registering a growth of 33.68% year on year (YoY).

Profit before tax stood at Rs 267.57 crore in Q4 FY24, up 47.87% from Rs 180.95 crore recorded in the corresponding quarter last year.

Aditya Birla Sun Life AMC’s (ABSLAMC) overall quarterly average assets under management (QAAUM) including alternate assets grew 21% YoY to Rs 3,45,800 crore for the quarter ending 31 March 2024. The company’s mutual fund QAAUM also witnessed a growth of 21% YoY to Rs 3,31,700 crore.

Equity mutual fund QAAUM increased by 31% YoY to Rs 1,52,000 crore in Q4 FY23. Equity mutual fund mix increased to 46% Q4 FY24 from 42% in Q4 FY23.

Individual monthly AAUM stood at Rs 1,73,200 crore for March 2024, up 23% YoY. Indivi...

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