Aditya Birla Sun Life AMC Limited (ABSLAMC) has reported its financial results for the quarter ending December 31, 2024, demonstrating strong growth and profitability.
Key Financial Highlights
- Revenue from Operations: ₹438.43 crore, up from ₹335.82 crore in the same quarter last year.
- Net Profit: ₹222.39 crore, reflecting a robust 25.3% year-on-year (YoY) growth from ₹177.51 crore in Q3 FY24.
- Total Income: ₹476.47 crore, supported by ₹38.04 crore in other income.
- Earnings Per Share (EPS): ₹7.71 (Basic) and ₹7.69 (Diluted).
Consolidated Financials
- Revenue from Operations: ₹445.11 crore in Q3 FY25, up from ₹341.46 crore in Q3 FY24.
- Net Profit: ₹224.47 crore, showcasing a significant increase from ₹209.34 crore YoY.
- Total Comprehensive Income: ₹221.86 crore.
The company’s primary business of asset management services for Aditya Birla Sun Life Mutual Fund and portfolio management services continues to thrive. The company reported no material deviations in the utilization of funds or operational irregularities.
During the nine months ending December 31, 2024, ABSLAMC paid a final dividend of ₹13.50 per equity share for the financial year ending March 31, 2024.
Commenting on the results, the Board stated, “We are pleased with the consistent growth and strong profitability, underscoring our leadership in the asset management space. Our efforts to enhance operational efficiencies and create value for shareholders have yielded commendable results this quarter.”
The financial results were reviewed by the Audit Committee and approved by the Board of Directors on January 27, 2025. The statutory auditors, S.R. Batliboi & Co. LLP, conducted a limited review and confirmed no material misstatements.
With steady revenue growth and a firm commitment to operational excellence, Aditya Birla Sun Life AMC Limited is well-positioned to capitalize on the evolving financial landscape and deliver long-term value to its stakeholders.
