Aditya Birla Sun Life AMC net profit up by 7%

Aditya Birla Sun Life Asset Management Company has reported that its net profit in the December quarter was up 7 per cent at ₹224 crore against ₹209 crore logged in the same period last year.

Income was up 30 per cent at ₹445 crore (₹341 crore). Expenses increased to ₹184 crore (₹157 crore) on higher employees benefit and other expenses.

The average asset under management was up 23 per cent at ₹3.84 lakh crore (₹3.11 lakh crore). Equity and fixed income AUM increased 32 per cent and 16 per cent to ₹1.79 lakh crore (₹1.36 lakh crore) and ₹2.04 lakh crore (₹1.75 lakh crore).

The monthly average AUM of B-30 cities was up 24 per cent at ₹690 crore (₹555 crore). Inflows through SIP jumped 38 per cent to ₹1,382 crore (₹1,005 crore).

Shares of the fund house were down 9 per cent at ₹643 on Monday.