Aditya Birla AMC Q3 PAT up 25.19% at Rs186.24cr on sharply lower employee benefit expenses

26 Jan 2022 , 07:10 PM

Aditya Birla AMC reported 9.67% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs353.04cr. On a sequential basis, the revenues were lower for the quarter by -5.15%.

During the quarter, the company completed its new fund offer successfully which was entirely by way of offer for sale. The company had raised Rs.2,768 crore by way of an offer for sale in the quarter.

During the current year, the company has issued bonus shares to shareholders and there has also been an effect given to stock split.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 25.19% at Rs186.24cr on higher revenues supported by lower employee benefit costs.

The sharp fall in the employee benefit costs is because the company in its previous quarters had made provisions for long term incentives for employees via stock options.

That led to lower employee costs in the quarter. Net margins improved from 46.21% in the Dec-20 quarter to 52.75% in the Dec-21 quarter. Net margins were also higher sequentially 625 basis points.

Financial highlights for Dec-21 compared yoy and sequentially

	Aditya Birla AMC
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 353.04	₹ 321.92	9.67%	₹ 372.19	-5.15%
Net Profit (Rs cr)	₹ 186.24	₹ 148.76	25.19%	₹ 173.07	7.61%
Diluted EPS (Rs)	₹ 6.45	₹ 5.10		₹ 5.99
Net Margins	52.75%	46.21%		46.50%