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Aditya Birla Sun Life AMC Full Year 2024 Earnings: Beats Expectations
Aditya Birla Sun Life AMC (NSE:ABSLAMC) Full Year 2024 Results
Key Financial Results
- Revenue: ₹16.4b (up 22% from FY 2023).
- Net income: ₹7.80b (up 31% from FY 2023).
- Profit margin: 48% (up from 44% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹27.09 (up from ₹20.71 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aditya Birla Sun Life AMC Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Capital Markets industry in India.
Performance of the Indian Capital Markets industry.
The company's shares are up 10% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Aditya Birla Sun Life AMC that you should be aware of.
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Find out whether Aditya Birla Sun Life AMC is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NSEI:ABSLAMC
Aditya Birla Sun Life AMC
Aditya Birla Sun Life AMC Limited is privately owned investment manager.
Solid track record with excellent balance sheet and pays a dividend.