Aditya Birla Sun Life AMC Limited Earnings Summary — Q2 FY2027
Aditya Birla Sun Life AMC Reports Q2 FY2027 Revenue Growth of 4.9% YoY; Net Profit Drops to ₹221 Crore on Lower Other Income
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹484 Cr is 4.9% higher year-on-year.
- Revenue has compounded at 10.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹221 Cr is 8.4% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -2.8% annualised across the period.
- Operating margin stands at 55.4% in Q2 FY2027.
- Operating margin compressed by 585 bps year-on-year.
- Over the last two years operating margin has contracted by 364 bps.
- PBT margin is 61.2%.
- Expenses grew 20.7% against revenue growth of 4.9%.
- Operating profit of ₹268 Cr is 5.1% lower year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 55/100 (Healthy) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q2 FY2027 | Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 484 | 463 | 458 | 478 | 461 | 447 | 429 | 445 | 424 | 387 |
| Expenses | Stable | 216 | 205 | 192 | 188 | 179 | 181 | 185 | 171 | 174 | 166 |
| Operating Profit | Stable | 268 | 258 | 266 | 290 | 283 | 266 | 244 | 274 | 250 | 220 |
| Operating Margin | Stable | 55.4% | 55.6% | 58.1% | 60.6% | 61.3% | 59.5% | 56.9% | 61.6% | 59.0% | 57.0% |
| Other Income | Volatile | 42 | 162 | -33 | 82 | 45 | 118 | 72 | 38 | 96 | 95 |
| Interest | Stable | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | Improving | 13 | 13 | 13 | 12 | 11 | 10 | 10 | 11 | 10 | 9 |
| Profit Before Tax | Improving | 296 | 406 | 219 | 358 | 316 | 372 | 305 | 300 | 335 | 305 |
| Tax | Volatile | 75 | 97 | 32 | 89 | 74 | 95 | 77 | 75 | 93 | 69 |
| Net Profit | Stable | 221 | 309 | 187 | 270 | 241 | 277 | 228 | 224 | 242 | 236 |
| Net Margin | Stable | 45.7% | 66.8% | 40.8% | 56.4% | 52.3% | 61.9% | 53.2% | 50.4% | 57.1% | 61.0% |
Key Takeaways
- Revenue from operations grew 4.87% YoY to ₹483.81 crore from ₹461.32 crore in Q2 FY2026, supported by steady asset management fees.
- Consolidated net profit declined 8.43% YoY and 28.60% QoQ to ₹220.98 crore, primarily impacted by a sharp sequential drop in other income (₹42.38 crore vs ₹162.39 crore in Q1 FY2027).
- Total expenses rose 20.5% YoY to ₹230.00 crore, driven by a 32.8% increase in employee benefit expenses to ₹126.26 crore.
- Standalone net profit stood at ₹224.21 crore with revenue from operations reaching ₹476.19 crore.
- The company's four overseas subsidiaries contributed ₹10.2 crore in revenue and recorded a net loss of ₹3.2 crore during the quarter.
- During the half-year ended September 30, 2026, the company paid a final dividend of ₹25.50 per share (total cash outflow of ₹737.62 crore) for FY2026.
Management Guidance
Management remains focused on expanding high-margin equity and passive AUM while navigating market volatility and regulatory changes. Distribution reach and digital penetration across B-30 cities continue to be core strategic priorities.
Sentiment Shift
Stable
Core operational revenue witnessed modest YoY and QoQ gains, but bottom-line performance was muted due to higher employee costs and normalized treasury/other income compared to the previous quarter.
Outlook
The company maintains a high-quality, virtually debt-free balance sheet with robust cash flows. Sustained expansion in equity AUM and disciplined operating expenses will be critical to offsetting margin compression from regulatory fee caps.
From the Annual Report (Key Quotes)
“The Board of Directors approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.”
“The primary segment is identified as asset management services. As such, the Group's financial results are largely reflective of the asset management business.”
Official Quarterly Documents
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This summary is AI-generated from Aditya Birla Sun Life AMC Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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