Aditya Birla Sun Life AMC Ltd (BOM:543374)

Full Year 2024 Aditya Birla Sun Life Amc Ltd Earnings Call Transcript

Apr 27, 2024 / 05:30AM GMT

Transcript

Key Points

Positve

Aditya Birla Sun Life AMC Ltd (BOM:543374) achieved its highest ever profitability in FY24, with profit before tax up 27% year-on-year and profit after tax up 31% year-on-year.
The company saw a significant increase in its SIP (Systematic Investment Plan) numbers, with a 23% quarter-on-quarter increase in Q4 FY24.
The mutual fund industry witnessed a 34% year-on-year growth in quarterly average AUM, reflecting strong market performance.
Aditya Birla Sun Life AMC Ltd (BOM:543374) added approximately 11.5 lakh new portfolios in the year, with 7 lakh added in Q4 FY24 alone.
The company announced a proposed dividend of INR13.5 per share for FY24, reflecting strong financial health and shareholder returns.

Negative

There was an increase in both employee expenses and other expenses in Q4 FY24, partly due to true-up on bonuses and one-off events.
Despite strong performance, the company experienced a slight drop in equity yields due to telescopic pricing as AUM increased.
The passive assets saw a reduction due to the maturity of some debt-oriented index funds, indicating potential volatility in this segment.
The company is still working on improving its market share in SIPs, which has decreased from its peak of 13-14% in 2019-2020 to around 6.5% currently.
There are concerns about redemption pressures in certain equity schemes, although these have been gradually reducing.

Operator

Ladies and gentlemen, good day, and welcome to Q4 FY24 and Full Year 2014 earnings conference call of Aditya Birla Sun Life Asset Management, hosted by InCred Equities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Jignesh Shial from InCred Equities. Thank you, and over to you.

Jignesh Shial InCred Equities;Investor Relations;A. Balasubramanian

Aditya Birla Sun Life Amc Ltd - Chief Executive

Yes. Thank you, Ayeshashvi, and good morning, everyone. On behalf of InCred Equities, I welcome all to Aditya Birla Sun Life AMC 4Q and Full Year FY24 earnings conference call. Along with us, we have Mr. A. Balasubramanian, Managing Director and CEO; Mr. Parag Joglekar, Chief Financial Officer; and Mr. Prakash Bhogale, Investor Relations. We are thankful to the management for allowing us this opportunity.

I would now like to hand it over to Mr. A. Balasubramanian, Managing Director and CEO of Aditya Birla Sun Life AMC for his opening remarks. Over to you, sir.

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