Aditya Birla Sun Life AMC Limited (ABSLAMC) announced its audited financial results for the quarter and year ending March 31, 2024.
Business Highlights:
-
ABSLAMC’s overall QAAUM including Alternate assets grew by 21% year-on-year to Rs. 3,458 billion for the quarter ending March 31, 2024. ABSLAMC Mutual Fund QAAUM also witnessed growth of 21% year-on-year to Rs. 3,317 billion.
-
Equity Mutual Fund QAAUM increased by 31% year-on-year to Rs. 1,520 billion for quarter ending March 31,2024. Equity Mutual Fund mix increased from 42% in Q4 FY23 to 46% Q4 FY24.
-
Individual Monthly AAUM has increased by 23% year-on-year to Rs. 1,732 billion for March 2024. Individual mix is at 52% of Mutual Fund AUM.
-
B-30 Monthly AAUM has increased by 29% year-on-year to Rs. 578 billion for March 2024. B-30 mix is at 17.5% of Mutual Fund AUM.
-
Passive AUM stood at Rs. 289 billion as of March 31, 2024.
-
ABSLAMC serviced 8.59 million folios as of March 31, 2024. Added around 1.1 million new folios for year ending March 31, 2024.
-
Monthly systematic flows (including STP) witnessed growth of 25% year-on-year to Rs. 12.52 billion for March 2024 with 3.58 million accounts.
-
Registered around 5,96,400 new SIPs (including STP) for the quarter ending March 31, 2024, witnessing year-on-year growth of 125%.
-
Over 81,000 KYD-compliant MFDs, 305+ National Distributors and 85 Banks serviced through 290+ locations of which over 80% are in B-30 cities.
Financial Highlights:
-
Registered highest ever Profit in FY24
-
FY24 Profit before Tax is at Rs 10.1 billion; up 27% year-on-year.
-
FY24 Profit after Tax is at Rs 7.8 billion; up 31% year-on-year.
-
FY24 Revenue is at Rs. 16.4 billion; up 21% year-on-year.
-
Q4 FY24 Revenue is at Rs. 4.4 billion; up 34% year-on-year.
-
Q4 FY24 Profit before Tax is at Rs 2.7 billion; up 48% year-on-year.
-
Q4 FY24 Profit after Tax is at Rs 2.1 billion; up 54% year-on-year.
