Aditya Birla Sun Life AMC Q4 Profit Surges 54% to Rs 208 Cr
By Rediff Money Desk, NEWDELHI Apr 26, 2024 20:37
Aditya Birla Sun Life AMC reported a 54% increase in net profit for Q4 FY24, reaching Rs 208.4 crore. Total income also surged to Rs 440 crore. The company's board recommended a dividend of Rs 13.50 per share.
New Delhi, Apr 26 (PTI) Aditya Birla Sun Life AMC on Friday reported a 54 per cent increase in net profit to Rs 208.4 crore for three months ended March 2024.
In comparison, the company had posted a net profit of Rs 135.57 crore in the same quarter of the preceding fiscal, the asset management firm said in a filing to the stock exchanges.
Total income surged 34 per cent to Rs 440 crore in the January-March period of FY24 from Rs 329 crore in the year-ago period.
The company's board of directors in its meeting recommended a dividend of Rs 13.50 per equity share for FY24.
For the entire FY24, the company's total income stood at Rs 1,640 crore, marking a jump of 21 per cent year-on-year and net profit was at Rs 780.36 crore in 2023-24, an increase of 31 per cent from the preceding fiscal.
ABSL AMC is a leading asset management company in the country with quarterly average assets under management of Rs 3.32 lakh crore as of March this year.
Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Capital and Sun Life (India) AMC Investments Inc, is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.
In comparison, the company had posted a net profit of Rs 135.57 crore in the same quarter of the preceding fiscal, the asset management firm said in a filing to the stock exchanges.
Total income surged 34 per cent to Rs 440 crore in the January-March period of FY24 from Rs 329 crore in the year-ago period.
The company's board of directors in its meeting recommended a dividend of Rs 13.50 per equity share for FY24.
For the entire FY24, the company's total income stood at Rs 1,640 crore, marking a jump of 21 per cent year-on-year and net profit was at Rs 780.36 crore in 2023-24, an increase of 31 per cent from the preceding fiscal.
ABSL AMC is a leading asset management company in the country with quarterly average assets under management of Rs 3.32 lakh crore as of March this year.
Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Capital and Sun Life (India) AMC Investments Inc, is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.66 (+ 4.76)
- 32896927
- Vodafone Idea L
- 8.45 (+ 4.06)
- 28557277
- Standard Capital
- 1.14 (+ 0.88)
- 17361276
- Alstone Textiles
- 0.83 (+ 5.06)
- 14796552
- AvanceTechnologies
- 0.89 (+ 4.71)
- 10049569
MORE NEWS
Hero MotoCorp Sales Surge 18% in October
Hero MotoCorp's sales rose by 18% in October, reaching 6.8 lakh units. Strong demand...
Gold, Silver Jewelry Export Norms Revised:...
The Indian government has revised norms for gold, silver, and platinum jewelry exports,...
Sensex, Nifty Rise in Muhurat Session: Samvat...
Indian benchmark indices Sensex and Nifty surged in the Muhurat trading session on...