Aditya Birla Sun Life AMC (ABSLAMC) Q1 24/25 earnings summary

Executive summary

• Achieved record quarterly profit and 19% year-over-year growth in mutual fund average AUM, reaching ₹3,525 billion in Q1 FY25, driven by improved asset mix and cost management.

• Net income rose 28% year-over-year to ₹2,357 million, with profit after tax up 26% to ₹232 crore.

• Continued expansion in retail franchise, with 9.4 million investor folios, strong SIP inflows, and a focus on digital and B-30 cities.

• Accelerated growth in passive and alternative investments, with passive AUM up 14x since June 2021 and new product launches.

• Standalone and consolidated financial results for Q1 FY25 were reviewed and approved by the Board, with an unqualified limited review report.

Financial highlights

• Consolidated revenue from operations reached ₹386.62 crore, up from ₹311.16 crore year-over-year; operating profit grew 29% year-over-year to ₹2,097 million.

• Consolidated net profit was ₹235.71 crore, compared to ₹184.57 crore in the same quarter last year.

• Quarterly average AUM (including alternatives) reached INR 362,000 crore, up 19% year-on-year; equity QAAUM grew 37% year-over-year to ₹1,621 billion.

• Added 9 lakh new folios in the quarter, total folios at 94 lakhs, outpacing industry growth.

• SIP AUM as of June end at INR 77,000 crore; quarterly SIP inflows at INR 3,700 crore.

Outlook and guidance

• Expense growth guided at 10%-12% for both employee and administrative costs.

• Focus on expanding geographic reach, scaling retail franchise, and diversifying product offerings, with continued investment in digital platforms and distributor network.

• Pipeline includes innovation and defense index funds, with further launches planned for both domestic and GIFT City platforms.

• A final dividend of ₹13.50 per equity share for FY24 has been proposed, pending shareholder approval.