Aditya Birla Sun Life AMC Q4 profit jumps 54% to ₹208 crore; to pay dividend of ₹13.50 per share

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Aditya Birla Sun Life AMC on Friday reported a sharp 54% jump in net profit to ₹208.4 crore for the January-March quarter of the financial year 2023–24. The Aditya Birla Group firm posted a net profit of ₹135.57 crore in the same quarter of the preceding fiscal.

Aditya Birla Sun Life AMC’s revenue increased 23.1% on a year-on-year (YoY) basis to ₹365.6 crore in the quarter under consideration. It had posted a revenue of ₹297 crore in the year-ago period in the same quarter.

The company’s EBITDA increased by 29.7% to Rs 204.9 crore in Q4FY24, compared to Rs 158 crore it had reported in Q4FY23. The company’s margin in the quarter came in at 56%.

#4QWithCNBCTV18 | Aditya Birla Sun Life AMC reports #Q4 earnings👇

➡️Net profit up 53.7% at ₹208.4 cr vs ₹135.6 cr (YoY)
➡️Revenue up 23.1% at ₹365.6 cr vs ₹297 cr (YoY)
➡️EBITDA up 29.7% at ₹204.9 cr vs ₹158 cr (YoY)
➡️Margin at 56% vs 53.2% (YoY) pic.twitter.com/d0tUnmdlMt

— CNBC-TV18 (@CNBCTV18Live) April 26, 2024

The company’s board of directors, in its meeting, recommended a dividend of ₹13.50 per equity share for FY24. For the year ending March 2023, Aditya Birla Sun Life AMC had declared an equity dividend of 205%, amounting to ₹10.25 per share.

For the entire FY24, the company’s total income stood at ₹1,640 crore, marking a jump of 21% YoY and net profit was at ₹780.36 crore in 2023–24, an increase of 31% from the preceding fiscal.

One of the leading asset management companies in the country, ABSL AMC has quarterly average assets under management of ₹3.32 lakh crore as of March this year.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow