Aditya Birla AMC profit falls 34%

Aditya Birla AMC profit falls 34%
ET Bureau
Rate Story
Share
Font Size
Save
Comment
Synopsis

Revenue from operations fell 6% to 304.5 crore during the quarter from 303.2 crore last year. Operating profit fell 1% to 171.6 crore in this period as against 172.8 crore in the previous year. Equity assets of the fund house rose to 1.17 lakh crore, up by 14% over the previous year.

Agencies
MUMBAI: Aditya Birla Sun Life Asset Management's profit after tax (PAT) fell 34% to 102.8 crore in the June quarter, as against 158.5 crore in the same period a year ago, reports Our Bureau. Revenue from operations fell 6% to 304.5 crore during the quarter from 303.2 crore last year. Operating profit fell 1% to 171.6 crore in this period as against 172.8 crore in the previous year. Equity assets of the fund house rose to 1.17 lakh crore, up by 14% over the previous year.
Experience Your Economic Times Newspaper, The Digital Way!

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by