Aditya Birla Sun Life AMC Net Profit Declines 7%, Revenue Grows 8%

27 Oct 2023 , 01:48 AM

Aditya Birla Sun Life AMC, a part of Aditya Birla Capital, reported a seven percent decrease in net profit for the September quarter, with profits amounting to Rs 178 crore, down from Rs 191.7 crore in the same period a year ago. 

Despite this decline, the company’s revenue from operations increased by eight percent, reaching Rs 335 crore in the quarter under review, up from Rs 311 crore in the previous year.

Aditya Birla Sun Life AMC manages assets worth Rs 3.1 lakh crore in the second quarter of the current fiscal, reflecting a 10 percent growth. Established in 1994, it is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. 

The firm is one of the prominent asset managers in the country, serving approximately 7.89 million investor accounts with a presence in over 290 locations across India.