Aditya Birla Sun Life AMC Q1 profit rises 12% to ₹309.5 crore
Aditya Birla Sun Life Asset Management Company (ABSL AMC) reported a 12% year-on-year increase in consolidated net profit to ₹309.5 crore for the June quarter, driven by a 38% rise in other income. The firm's overall quarterly average assets under management (QAAUM) surged 42% to ₹6.28 lakh crore, although its shares fell over 6% following the results. Revenue from operations increased 3% to ₹463 crore, but total expenses rose 14%, contributing to negative investor sentiment.