Revenue of ABSL AMC grew by 30% YoY to Rs.332 Cr in Q2 FY22 | Result Analysis

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Financial Highlights

  • Operating revenue is up by 30% YoY to Rs. 332.0 Cr
  • Operating Profit before Tax is up by 49% YoY to Rs. 190.3 Cr
  • Profit After Tax stood at Rs. 173.1 Cr for Q2 FY22, up 38% YoY
  • Ratio of Profit before Tax to AAUM stood at 30.5 bps in Q2 FY22 as compared to 27.3 bps in Q2 FY21
  • Company declared an interim dividend of Rs. 5.6 for FY 22
  • Return on Equity (annualised) was 35.5%  for H1 FY22

Business Highlights

  • As on Sep 2021 quarter, ABSL AMC is the fourth largest asset management company in India since Sep-11 and largest non-bank affiliated AMC since Mar-18 with mutual fund QAAUM of Rs. 300,300 Cr
  • For the quarter ending Sep-21, total QAAUM including alternate assets stood at Rs. 312,000 Cr
  • For H1 FY22, nearly 84% of overall transactions were digital and 77% new folios were created digitally

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