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

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