ABSL AMC Q2FY23 PAT up 10.76% at Rs191.7 crore as equity mix of AMC grows from 39% to 42%

28 Oct 2022 , 08:51 AM

ABSL AMC Ltd reported 4.16% growth in total revenues for the September 2022 quarter on consolidated basis at Rs387.67cr.

Revenue increase was 41.64% in sequential terms. The AUM of Birla AMC on a quarterly basis stood at Rs282,600 crore of which equity AUM of the fund stood at Rs119,100 crore.

For the latest quarter ending September 2022, the fund has serviced a total of 81 lakh folios. The fund has over 32.6 lakh SIP (systematic investment plan) accounts which gave monthly inflows of Rs931 crore.

The share of individual AUM as against corporate and institutional AUM stands at a very healthy level of 49.9% for AMC.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 10.76% at Rs191.69 crore and it was up 86.4% on sequential basis.

The profitability of the fund gained from an improvement in the equity mix by 300 bps to 42.1% as that results in better retention for the AMC in terms of fees and trail.

In the second quarter alone, the fund registered a total of 2.58 lakh SIPs and digital accounts for 75% of all new transactions. Net profit margins at 49.45% in Q2FY23 is higher compared to 46.5% in Q1FY22 and betters 37.57% in Q1FY23.

Financial highlights for Sep-22 compared yoy and sequentially

	ABSL AMC
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 387.67	₹ 372.19	4.16%	₹ 273.70	41.64%
Net Profit (Rs cr)	₹ 191.69	₹ 173.07	10.76%	₹ 102.84	86.40%
Diluted EPS (Rs)	₹ 6.64	₹ 5.99		₹ 3.56
Net Margins	49.45%	46.50%		37.57%