Aditya Birla Sun Life AMC Q2 Results Live: Profit Rises by 36.08% YoY

Aditya Birla Sun Life AMC Q2 Results Live : Aditya Birla Sun Life Asset Management Company (AMC) announced its Q2 results on October 28, 2024, revealing a significant growth in both revenue and profit. The company's topline increased by 26.63% year-over-year, while profit surged by 36.08%. Compared to the previous quarter, revenue grew by 9.72%, and profit saw a modest increase of 2.81%.

The company's selling, general, and administrative expenses showed a slight rise of 0.22% quarter-over-quarter and escalated by 12% year-over-year. However, the operating income demonstrated a robust performance, climbing 14.22% from the previous quarter and up 32.27% year-over-year.

Earnings per share (EPS) for Q2 stood at ₹8.39, marking an impressive increase of 35.98% compared to the same period last year. This growth has contributed to the company's strong performance in the market, with Aditya Birla Sun Life AMC delivering a 0.65% return in the last week, an impressive 40.58% return over the past six months, and a remarkable 61.57% return year-to-date.

As of now, Aditya Birla Sun Life AMC boasts a market capitalization of ₹21,867.42 crore, with a 52-week high of ₹804 and a low of ₹435.05. Investor sentiment appears mixed, with 9 analysts covering the company. The ratings include 1 Strong Sell, 1 Sell, 3 Hold, 3 Buy, and 1 Strong Buy.

The consensus recommendation as of October 29, 2024, suggests that investors should Hold their positions in Aditya Birla Sun Life AMC amidst its robust quarterly performance.