ABSLAMC’s PAT Up By 28% Y/Y At Rs2.4 Bn; MF QAAUM at Rs 3,525 bn, up 19% Y-o-Y
FinTech BizNews Service
Mumbai, July 24, 2024: Aditya Birla Sun Life AMC Limited (ABSLAMC) announced its unaudited financial results for the quarter ending June 30, 2024.
Business Highlights:
• ABSLAMC’s overall QAAUM including Alternate assets grew by 19% year-on-year to Rs. 3,676 billion
for the quarter ending June 30, 2024. ABSLAMC Mutual Fund QAAUM also witnessed growth of
19% year-on-year to Rs. 3,525 billion.
• Equity Mutual Fund QAAUM increased by 37% year-on-year to Rs. 1,621 billion for quarter ending June 30,2024. Equity Mutual Fund mix increased from 40% in Q1 FY24 to 46% Q1 FY25.
• Individual Monthly AAUM has increased by 24% year-on-year to Rs. 1,857 billion for June 2024.
Individual mix is at 51% of Mutual Fund AUM.
• B-30 Monthly AAUM has increased by 30% year-on-year to Rs. 642 billion for June 2024. B-30 mix
is at 17.7% of Mutual Fund AUM.
• Passive AUM stood at Rs. 299 billion as of June 30, 2024.
• ABSLAMC serviced 9.4 million folios as of June 30, 2024.
• Monthly systematic flows (including STP) witnessed growth of 39% year-on-year to Rs. 13.67 billion
for June 2024 with 4.05 million accounts.
• Registered around 8,38,700 new SIPs (including STP) for the quarter ending June 30, 2024,
witnessing year-on-year growth of 310%.
• Over 83,000 KYD-compliant MFDs, 330+ National Distributors and 90 Banks serviced through 300+
locations of which over 80% are in B-30 cities.
Key Highlights – Q1FY25
• ABSLAMC posts Highest Ever Quarterly Profit
• Profit before Tax at Rs. 3.0 bn; up by 27% Y-o-Y
• Profit after Tax at Rs. 2.4 bn; up by 28% Y-o-Y
• Total Revenue at Rs. 4.8 bn; up 24% Y-o-Y
• MF QAAUM at Rs 3,525 bn, up 19% Y-o-Y
• Equity MF QAAUM at Rs 1,621 bn, up 37% Y-o-Y
• Equity mix has grown to 46% vs 40%, Y-o-Y
• SIP Book at Rs 13.67 bn for June 2024; up 39% Y-o-Y
• New SIP registrations at ~8,38,700; up 310% Y-o-Y
• ABSLAMC serviced 9.4 million as of June 30, 2024
Financial Highlights:
• Achieved Highest Ever Quarterly Profit in Q1 FY25.
• Q1 FY25 Total Revenue is at Rs. 4.8 billion; up 24% year-on-year.
• Q1 FY25 Profit before Tax is at Rs 3.0 billion; up 27% year-on-year.
• Q1 FY25 Profit after Tax is at Rs 2.4 billion; up 28% year-on-year.
