Aditya Birla AMC Q2 net profit dips 8.4% to Rs 221 crore
Aditya Birla Sun Life AMC witnessed an 8.4% decrease in net profit for the September quarter of FY27, coming in at ₹221 crore, down from ₹241.32 crore last year. In contrast, operational revenue grew by 5% to ₹484 crore. The company faced a 21% increase in total expenses, which rose to ₹230 crore. Significantly, the Quarterly Average Assets Under Management reached ₹4.42 lakh crore, reflecting a 4% year-on-year increase.
New Delhi: Aditya Birla Sun Life AMC on Wednesday reported a 8.4% decline in net profit at ₹221 crore for September quarter FY27.The company posted a net profit of ₹241.32 crore for the year-ago period. Revenue from operations increased 5% YoY to ₹484 crore in the September quarter, the asset management firm said.Read more: Sundaram Mutual Fund announces launch of Equity Ex-Top 100 Long Short Fund through its SIF platform SelectTotal expenses increased 21% to ₹230 crore in the quarter under review from ₹191 crore a year ago.Read more: Jio IPO Day 1: Issue subscribed 3 times on strong QIB push; retail portion booked 68%.
