On a consolidated basis, Aditya Birla Sun Life AMC’s net profit reported plunged 11% to Rs 166.3 crore on a 6% decline in revenue from operations to Rs 314 crore in the Oct-Dec of the quarter of FY23 over the Oct-Dec quarter of FY22.

• Cipla Outlook for the Week (April 03, 2023 – April 07, 2023)
• Lupin Outlook for the Week (April 03, 2023 – April 07, 2023)
• Dr. Reddy Outlook for the Week (April 03, 2023 – April 07, 2023)
• Sun Pharma Outlook for the Week (April 03, 2023 – April 07, 2023)
• Wipro Outlook for the Week (April 03, 2023 – April 07, 2023)

In the Oct-Dec quarter of FY23, total expenses increased by 7% YoY to Rs 140.5 crore. Profit before tax (PBT) stood at Rs 222.7 crore, up by 1% from Rs 221.5 crore.

During the third quarter of FY23, ABSL AMC’s total QAAUM, which includes Alternate assets, stood at Rs 2.93 lakh crore. ABSL AMC Mutual Fund QAAUM is at Rs 2,81,700 crore. Equity MF QAAUM has gone up by 1% YoY to Rs 1,20,100 crore for the Oct-Dec quarter of FY23. The equity MF mix is at 43% for the Oct-Dec quarter of FY23. 

The company is co-owned and backed by Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. These all are the company’s investment managers named as portfolio management services, alternative investment funds and real estate investments.

On BSE, the shares of Aditya Birla Sun Life AMC went down 3.33% to end at Rs 427.10.