ABSL AMC Q4 PAT up 1.14% at Rs158.52cr on flat fund management fee revenues

27 Apr 2022 , 06:49 PM

ABSL Asset Management reported 4.47% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs347.06cr. On a sequential basis, revenues were lower for the quarter by -1.69%.

For the full year FY22, the revenues were higher by 21.1% at Rs1,293cr. During the fiscal, ABSL AMC completed its IPO at a price of Rs.712 per share.

The company has also announced a stock split of the stock in the ratio of 10:2. Final dividend declared by ABSL AMC was Rs.5.85/share. The company will also issue bonus in ratio of 7:1.

The consolidated net profit for Q4 was up 1.14% at Rs158.52cr while it was down on a sequential basis by -14.88%.

For the mutual fund business, the Quarterly Average AUM stood at Rs.2,958 billion, of which Rs.1,210 billion was equity AUM. It added 12.9 lakh new folios in the year FY22.

It has 3.17 million SIP accounts with average month SIP flows standing at Rs.895 crore. Net margins stood at 45.68% in Mar-22 quarter compared to 47.18% in Mar-21. The NPMs were lower sequentially compared to 52.75% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Aditya Birla AMC
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 347.06	₹ 332.21	4.47%	₹ 353.04	-1.69%
Net Profit (Rs cr)	₹ 158.52	₹ 156.74	1.14%	₹ 186.24	-14.88%
Diluted EPS (Rs)	₹ 5.49	₹ 5.44		₹ 6.45
Net Margins	45.68%	47.18%		52.75%