Earnings|Aditya Birla Sun Life AMC Ltd (NSE:ABASLAMC): Q3FY23 Results Out; Total Income rise 3% YoY

Aditya Birla Sun Life AMC Ltd (NSE:ABSLAMC) is a leading asset management company in India, offering a wide range of investment solutions to individual and institutional investors. The company manages a diverse portfolio of mutual funds, including equity, debt, hybrid, and solution-oriented funds. It has a strong distribution network and offers various digital platforms for investment.

Aditya Birla Sun Life AMC Ltd is an asset management company in India. In Q3FY23, the company’s Revenue from Operations was Rs 3,140 million, slightly higher than the previous quarter’s revenue of Rs 3,111 million. The Operating Profit before Tax was Rs 1,736 million in Q3FY23, which was slightly higher than the previous quarter’s operating profit of Rs 1,728 million. The company’s Mutual Fund Quarterly Average Assets Under Management (QAAUM) in Q3FY23 was Rs 2,817 billion, which was slightly lower than the previous quarter’s QAAUM of Rs 2,826 billion. However, Equity Mutual Fund QAAUM in Q3FY23 was Rs 1,201 billion, which was slightly higher than the previous quarter’s QAAUM of Rs 1,191 billion.

The ratio of Equity to overall MF QAAUM improved to 43% in Q3FY23 from 42% in Q2FY23. The company serviced 8.01 million folios for the quarter ending December 31, 2022. The monthly Systematic Investment Plan (SIP) contribution was Rs 9.42 billion in Q3FY23, which was slightly higher than the previous quarter’s SIP contribution of Rs 9.31 billion.

In Q3FY23, the company reported a total income of Rs. 363.17 crore, which was lower than the previous quarter’s total income of Rs. 387.6 crore. The net profit for the period ended December 31, 2022, was Rs. 166.3 crore, which was lower than the net profit of Rs. 191.7 crore for the period ended September 30, 2022. The EPS for the period ended December 31, 2022, was Rs. 5.76, which was lower than the EPS of Rs. 6.64 for the period ended September 30, 2022.

For the 9-month period ended December 31, 2022, the company reported a total income of Rs. 1024.5 crore, which was lower than the total income of Rs. 1061.4 crore during the 9-month period ended December 31, 2021. The net profit for the nine-month period ended December 31, 2022, was Rs. 460.8 crore, which was lower than the net profit of Rs. 514.2 crore for the nine-month period ended December 31, 2021. The EPS for the 9-month period ended December 31, 2022, was Rs. 15.96, which was lower than the EPS of Rs. 17.80 for the 9-month period ended December 31, 2021.