Aditya Birla Sun Life AMC Limited (ABSLAMC) announced its unaudited financial results for the quarter and half year ending September 30, 2024
Bengaluru, October 29, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC) announced its unaudited financial results for the quarter and half year ending September 30, 2024.
Business Highlights:
- ABSLAMC’s overall QAAUM including Alternate assets grew by 24% year-on-year to Rs. 4,004 billion for the quarter ending September 30, 2024. ABSLAMC Mutual Fund QAAUM also witnessed growth of 23% year-on-year to Rs. 3,833 billion.
- Equity Mutual Fund QAAUM increased by 39% year-on-year to Rs. 1,806 billion for quarter ending September 30,2024. Equity Mutual Fund mix increased from 42% in Q2 FY24 to 47% Q2 FY25.
- Individual Monthly AAUM has increased by 28% year-on-year to Rs. 2,034 billion for September 2024. Individual mix is at 53% of Total Mutual Fund AUM.
- B-30 Monthly AAUM has increased by 34% year-on-year to Rs. 711 billion for September 2024. B-30 mix is at 18% of Mutual Fund AUM.
- Passive AUM stood at Rs. 301 billion as of September 30, 2024.
- ABSLAMC serviced 10.2 million folios as of September 30, 2024.
- Monthly systematic flows (including STP) witnessed growth of 47% year-on-year to Rs. 14.25 billion for September 2024 with 4.59 million accounts.
- Registered around 11,55,000 new SIPs (including STP) for the quarter ending September 30, 2024, witnessing year-on-year growth of 443%.
- Over 86,000 KYD-compliant MFDs, 340+ National Distributors and 90+ Banks serviced through 300+ locations of which over 80% are in B-30 cities.
Financial Highlights:
- Q2 FY25 Total Revenue is at Rs. 5.2 billion; up 33% year-on-year.
- Q2 FY25 Profit before Tax is at Rs 3.4 billion; up 42% year-on-year.
- Q2 FY25 Profit after Tax is at Rs 2.4 billion; up 36% year-on-year.
- H1 FY25 Total Revenue is at Rs. 10.0 billion; up 28% year-on-year.
- H1 FY25 Profit before Tax is at Rs 6.4 billion; up 34% year-on-year.
- H1 FY25 Profit after Tax is at Rs 4.8 billion; up 32% year-on-year.
