Aditya Birla Sun Life AMC Q3 profit after tax declines 11% to Rs 166 crore

However, Its total income rose to Rs 363.17 crore in the quarter under review from Rs 353 crore a year ago

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings
ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.82 trillion
Press Trust of India New Delhi
1 min read Last Updated : Jan 27 2023 | 10:39 PM IST

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022.

In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing.

However, Its total income rose to Rs 363.17 crore in the quarter under review from Rs 353 crore a year ago.

ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.82 lakh crore.

Aditya Birla Sun Life AMC -- a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc -- is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Aditya Birla Sun Life AMCQ3 results

First Published: Jan 27 2023 | 9:30 PM IST

Next Story