Aditya Birla Sun Life AMC Full Year 2024 Earnings: Beats Expectations

Simply Wall St

July 15, 2024

Aditya Birla Sun Life AMC (NSE:ABSLAMC) Full Year 2024 Results

Key Financial Results

Revenue: ₹16.4b (up 21% 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).

revenue-and-expenses-breakdown — NSEI:ABSLAMC Revenue and Expenses Breakdown July 15th 2024

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%.

The primary driver behind last 12 months revenue was the India segment contributing a total revenue of ₹13.3b (81% of total revenue). The most substantial expense, totaling ₹2.33b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ABSLAMC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Capital Markets industry in India.

Performance of the Indian Capital Markets industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

Be aware that Aditya Birla Sun Life AMC is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com