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Aditya Birla Sun Life AMC Ltd Q1FY24; 80% rise in Profits

Incorporated in 1994, Aditya Birla Sun Life AMC is set up as a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The Co. offers Mutual Fund services, Portfolio Management services, offshore and real estate offerings.

Financial Results:

Aditya Birla Sun Life AMC Ltd reported Revenues for Q1FY24 of ₹311.00 Crores up from ₹304.00 Crore year on year, a rise of 2.3%.

Total Expenses for Q1FY24 of ₹149.00 Crores up from ₹133.00 Crores year on year, a rise of 12.03%.

Consolidated Net Profit of ₹185.00 Crores up 79.61% from ₹103.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.41, up 79.55% from ₹3.57 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: AMC
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