Aditya Birla Sun Life Asset Management Company has reported that its net profit in the June quarter was down 34 per cent to ₹103 crore against ₹155 crore logged in the same period last year, largely due to lower income.
Income was down 18 per cent at ₹274 crore (₹336 crore). The asset under management fell 10 per cent to ₹2.82-lakh crore. Equity AUM was up one per cent at ₹2.78-lakh crore.
Inflow through systematic investment plan in the June quarter increased to ₹898 crore (₹816 crore). New SIP addition was up to 2.77 lakh (2.24 lakh) in the quarter under review.