Comments
Aditya Birla Sun Life Asset Management Company has reported 53 per cent increase in the March quarter net profit at ₹208 crore against ₹136 crore logged in the same period last year on the back of sharp jump in asset under management.
Income was up 34 per cent at ₹440 crore (₹329 crore).
The fund house has announced a dividend of ₹13.50 a share.
The average quarterly asset under management was up 21 per cent at ₹3.32-lakh crore (₹2.75-lakh crore). Equity average AUM increased 31 per cent to ₹1.52-lakh crore (₹1.16 lakh crore) and fixed income asset jumped 13 per cent to ₹1.79-lakh crore. Liquid asset was down at ₹34,900 crore (₹37,400 crore).
In last three years, the fund house’s passive asset was up at ₹28,900 crore. SIP inflows increased to 25 per cent to Rs 1,252 crore ( ₹1,003 crore).
Shares of the company was down one per cent at ₹555 on Friday.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.