 "Aditya Birla Sun Life AMC Q1FY25 results: Net profit rises 28% to Rs 236 cr")
Aditya Birla Sun Life AMC on Wednesday reported a 28 per cent rise in profit after tax to Rs 235.7 cr, its highest quarterly gain, for the three months ended June 2024.
The asset management firm, part of Aditya Birla Capital, had posted a profit after tax (PAT) of Rs 184.6 cr in the same quarter of the preceding fiscal, according to a stock exchange filing.
The company's revenue from operations rose 24 per cent to Rs 386.6 cr in the quarter under review from Rs 311.2 cr in the April-June quarter of the preceding fiscal (2023-24).
ABSL AMC's assets under management stood at Rs 3.52 trn at the end of the June 2024 quarter, reflecting a 19 per cent year-on-year growth.
Founded in 1994, ABSL AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. It is one of the leading asset managers in India, servicing around 9.4 million investor accounts with a pan-India presence across over 300 locations.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app