Total income stood at Rs 329.17 crore in the quarter ended 31 March 2023, registering a decline of 5.2% year on year (YoY).

Operating profit before tax tumbled 14.29% to Rs 148.8 crore as against Rs 173.6 crore recorded in the corresponding quarter previous year.

The AMC's total quarterly average assets under management (QAAUM) including alternate assets stood at Rs 2,86,200 crore for the quarter ending 31 March 2023. ABSL AMC mutual fund QAAUM was at Rs 2,75,200 crore, down 7% YoY.

Equity mutual fund QAAUM decreased by 4% YoY to Rs 1,15,800 crore in Q4 FY23. Equity MF mix was at 42% for Q4 FY23.

Individual monthly AAUM stood at Rs 1,40,300 crore for March 2023, up 2% YoY. Individual mix was at 52% of total AUM

ABSL AMC serviced 8.05 million folios for the quarter ended 31 March 2023 and added around 0.7 million new folios in FY23.

Monthly systematic inflows (including STP) for March 2023 were Rs 1,003 crore with 3.29 million accounts.

The firm registered around 2,65,000 new systematic investment plan (c) (including STP) for Q4 FY23.

On full year basis, the company's consolidated net profit declined 11.4% to Rs 596.38 crore on 5.1% fall in revenue to Rs 1,226.61 crore in FY23 over FY22.

Meanwhile, the company's board has recommended a final dividend of Rs 5.25 per equity share for the financial year ended 31 March 2023, subject to the approval of shareholders. The dividend, if approved, will be paid within 30 days from the conclusion of AGM.

Record date for the purpose of determining shareholders eligible to receive dividend, shall be intimated in due course of time, said the company.

Aditya Birla Sun Life AMC is co-owned and backed by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund. It also operates multiple alternate strategies including portfolio management services, real estate investments and alternative investment funds.

Shares of Aditya Birla Sun Life AMC declined 0.61% to Rs 335.15 on the BSE.