Aditya Birla Sun Life AMC's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Aditya Birla Sun Life AMC for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 387.67 | 0.78 | 388.91 | 0.46 | 390.69 |
| Expenses (₹crs.) | 138.25 | 11.32 | 148.61 | 3.56 | 153.90 |
| Net Profit (₹crs.) | 191.7 | -7.09 | 184.57 | -3.51 | 178.09 |
| Margin (%) | 49.45 | -3.86 | 47.46 | -1.87 | 45.58 |
REVENUE:
Aditya Birla Sun Life AMC reported a total income of ₹390.69 crores for Q2FY24, reflecting a marginal increase of 0.46% sequentially. However, when compared to , Q2FY23 the company experienced a similarly modest rise of 0.78%.
EXPENSES:
Expenses for Aditya Birla Sun Life AMC in Q2FY24 amounted to ₹153.90 crores, marking a 3.56% increase compared to the preceding quarter. On a year-on-year basis, the company's expenses increased by 11.32%.
NET PROFIT:
The net profit of Aditya Birla Sun Life AMC for Q2FY24 was ₹178.09 crores, indicating a slight decline of -3.51% compared to the preceding quarter. On a year-on-year basis, the company's net profit showed a decrease of -7.09%.
MARGINS:
Aditya Birla Sun Life AMC's margin in Q2FY24 was 45.58%, which represents a 1.87% decrease compared to the preceding quarter, Q1FY24. Year-on-year, the company's margin also exhibited a -3.86% change.
In conclusion, Aditya Birla Sun Life AMC's financial performance in Q2FY24 reflects relatively stable revenue, a marginal reduction in net profit, and a decrease in margins.
The company operates in the asset management industry, which can be influenced by market conditions and investor sentiments.
Stay tuned for more detailed updates on Aditya Birla Sun Life AMC's financial performance in the coming quarters.