Aditya Birla Sun Life MF Q4 net up 53 per cent

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.

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.

Also read: Aditya Birla Sun Life AMC promoters to offload 10% via OFSThe 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.

Like (0)
Previous April 27, 2024 7:57 pm
Next April 27, 2024 7:57 pm

Related posts

  • Shein reportedly plans to apply for an IPO in London in the next few days

    Market news said that online fast fashion company Shein will apply for an initial public offering (IPO) in London in the next few days.

    free stock signals June 3, 2024
  • Olin Biotechnology (688319.SH): Net profit in 2023 will drop 33.94% year-on-year

    Gelonghui April 25 | Olin Biotech (688319.SH) announced its 2023 annual report. The company achieved revenue of 496 million yuan in 2023, a year-on-year decrease of 9.38%; net profit attributable to the parent company was 17.56 million yuan, a year-on-year decrease of 33.94%; Non-net profit after deducting was 3.39 million yuan, a year-on-year increase of 370.1%; basic earnings per share was 0.0433 yuan. The company plans to distribute a cash dividend of 0.38 yuan (tax included) for every 10 shares.

    free stock signals April 25, 2024
  • Blinken speaks at NYU Shanghai: Sino-US student exchanges are the best way to avoid miscalculations

    On the morning of April 25, US Secretary of State Antony Blinken, who was visiting China, arrived at NYU Shanghai to communicate with teachers and students of the school.

    free stock signals April 25, 2024
  • Age Calculator

    An age calculator is an invaluable online tool that accurately determines a person’s age based on their date of birth and the current date. By taking into account leap years and different calendar systems, this tool delivers precise results in years, months, and days

    free stock signals April 19, 2024
  • Didi: Taxi-hailing demand will increase by 35% during the May Day holiday and drivers will be rewarded with over 300 million yuan

    Sina Technology News On the afternoon of April 25, during this year’s May Day holiday, Didi predicts that taxi demand will increase by about 35% compared with before the holiday, and taxi demand in third- to fifth-tier cities will increase by 50%. In order to pay tribute to the hard work of the driver masters, Didi will distribute more than 300 million yuan in driver rewards. Didi Chuxing predicts that on May Day this year, taxi demand is expected to increase by approximately 35% compared to before the holiday, with demand for long-distance travel experiencing a prominent increase. Demand for taxis over 100 kilometers is expected to increase by 55%. Driven by multiple off-site trips such as traveling and returning home, going to large transportation hubs such as airports and train stations will become the highest rising demand for cars during the May Day holiday, followed by taxi demand for leisure and entertainment. During the May Day period, the demand for taxi hailing in third- to fifth-tier cities increased most significantly, with an expected increase of about 50%. Weihai, Zibo,…

    free stock signals April 25, 2024
  • Pingmei Co., Ltd.: Net profit in the first quarter of 2024 was 740 million yuan, a year-on-year decrease of 35.40%

    CSI Intelligent Financial News Pingmei Co., Ltd. (601666) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 8.244 billion yuan, a year-on-year decrease of 4.47%; net profit attributable to the parent company was 740 million yuan, a year-on-year decrease of 35.40%; non-net profit after deduction was 755 million yuan, a year-on-year decrease of 26.12%; Net cash flow was 2.827 billion yuan, a year-on-year decrease of 22.87%; during the reporting period, Pingmei Co., Ltd.\’s basic earnings per share was 0.3157 yuan, and the weighted average return on net assets was 2.74%.

    free stock signals April 25, 2024