Mumbai: Aditya Birla Sun Life AMC reported an 18% decline in its net profit for the March quarter (Q4), which stood at ₹187 crore compared to ₹228 crore in the same period last year. The decline was mainly due to a fall in other income, which dropped to ₹33 crore from ₹72 crore a year ago. Revenue from operations increased by 7% to ₹458 crore (₹428 crore last year). However, the company reported a loss of ₹33 crore under other income, compared to a profit of ₹72 crore in the previous year. The AMC has declared a dividend of ₹25.50 per share.
The quarterly average assets under management (AUM) rose 14% to ₹4.36 lakh crore (₹3.82 lakh crore earlier), reflecting steady market growth. Despite market turbulence, equity assets grew by 17% to ₹1.97 lakh crore. Systematic Investment Plan (SIP) contributions increased to ₹1,204 crore from ₹1,169 crore. However, new SIP registrations dropped to 61,700 from 54,300. Investor accounts (folios) also declined slightly to 4.05 million from 4.20 million. For the full financial year: Net profit rose 3% to ₹975 crore & Revenue increased 7.8% to ₹1,845 crore where Overall income grew by 4% to ₹2,059 crore (₹1,986 crore in the previous year).