StockWatch
·

Aditya Birla Sun Life AMC Ltd

BSE: 543374

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
617.72
+46.4%+10.4%
Expenditure
210.19
+6.2%+12.1%
Net Profit
311.38
+62.4%+12.5%
OPM %
56.83%
-2.74pp-3.31pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00172.96345.92518.88691.85Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

The ₹10 Lakh Crore milestone masks a core business slowdown

AUM growth · SIP contraction · EPFO mandate

Result verdictFollow-upQ1 FY2702 Aug 20266 minFinancial Services

AUM milestone crossed; SIP contraction masks solid PAT growth

AUM ₹10 Lakh Cr milestone · EPFO ₹6.08 Lakh Cr mandate · SIP marginal decline

TranscriptDeep diveQ1 FY2702 Aug 20266 minFinancial Services

ABSL AMC Q1 PAT ₹309 Cr, up 12% YoY on treasury gains; core operating profit slips

Financial Services · earnings · quarterly results

ResultsQ1 FY2721 Jul 20263 minFinancial Services
Latest
Board Meeting21 Jul, 1:45 pm

ABSL AMC Q1: consol PAT ₹309 Cr up 12% YoY on treasury rebound; core fees grow just 3.5%

Aditya Birla Sun Life AMC reported consolidated Q1 FY27 net profit of ₹309.49 Cr, up 11.7% year-on-year from ₹277.11 Cr, on revenue from operations of ₹462.96 Cr (+3.5% YoY). The 65% sequential jump in profit (from ₹187.11 Cr in Q4 FY26) is almost entirely a treasury artifact, not an operating story: other income swung from a mark-to-market loss of ₹32.86 Cr last quarter to a gain of ₹162.39 Cr this quarter, so QoQ should be read as noise, not momentum. Standalone PAT was ₹311.38 Cr (EPS ₹10.78); the two bases tell the same story, diverging by only the ₹1.9 Cr loss from overseas subsidiaries. The more important signal is beneath the headline: core operating economics softened. Fee revenue grew just 3.5% YoY even as the company's QAAUM rose ~17% YoY to ~₹4.74 lakh Cr at end-FY26 — clear evidence of yield/TER compression. Meanwhile employee benefit expense climbed 25.6% YoY (₹92.63 Cr → ₹116.34 Cr), lifted partly by the new Labour Codes, and total expenses rose 13.6% against 3.5% revenue growth. As a result core operating profit (revenue from ops minus total expenses) actually fell ~4% YoY to ₹243.68 Cr and operating margin compressed to ~52.6% from ~56.9%. Net margin looks flat-to-up (49.5% vs 49.0%) only because the treasury gain refilled the gap the operating line gave up. Against the street, this is broadly in line: analyst revenue expectations sat near ₹470 Cr for the quarter (TradingView consensus) versus the ₹463 Cr delivered — a marginal topline shortfall — with no firm PAT consensus, though FY27 street models look for 15-20% PAT growth, a pace Q1's +11.7% trails. On management's own last-call guidance — that it would neutralise the TER-change hit to profitability while scaling SIPs, AIF and GIFT City — PAT growth was delivered, but the 3.5% fee growth against 17% AUM growth and the operating-margin compression show the yield/cost pressure the company said it aimed to offset is still visible at the core. The board's concurrent ₹25.50/share FY26 final dividend (record date 22 July 2026) and the 29 July AGM are the accompanying corporate actions; no management press-release framing was extracted with this filing.

21 Jul 2026, 01:45 pm

Corporate Events

Board MeetingABSLAMC
2026
29Jul

Board Meeting

The 32nd Annual General Meeting of the Members of the Compan…

BSE Filing ↗
DividendABSLAMC
2026
22Jul

₹25.5 / share

BSE Filing ↗
DividendABSLAMC
2026
22Jul

Dividend

BSE Filing ↗
Board MeetingABSLAMC
2026
21Jul

Board Meeting

The meeting of the Board of Directors of Aditya Birla Sun Li…

BSE Filing ↗
Board MeetingABSLAMC
2024
28Oct

Board Meeting

Consider and approve the unaudited standalone and consolidat…

BSE Filing ↗
Board MeetingABSLAMC
2024
26Apr

Board Meeting

Consider and approve Audited Financial Results (Standalone a…

BSE Filing ↗
Board MeetingABSLAMC
2024
29Jan

Board Meeting

Consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
Board MeetingABSLAMC
2023
26Oct

Board Meeting

Consideration and approval of Unaudited Standalone and Conso…

BSE Filing ↗