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Aditya Birla Sun Life AMC Q2 FY27 results: net profit down 8.4% to ₹220.98 crore, revenue up 4.9%
Aditya Birla Sun Life AMC Limited reported consolidated revenue of ₹483.81 crore in Q2 FY27, up 4.9% from Q2 FY26. Profit after tax fell 8.4% to ₹220.98 crore and basic EPS declined to ₹7.64, as higher operating expenses and a lower EBITDA margin offset higher revenue.
Key points
- Consolidated revenue rose 4.9% year on year to ₹483.81 crore in Q2 FY27.
- EBITDA fell 5.1% to ₹268.05 crore, while the margin declined 5.9 percentage points to 55.4%.
- Profit after tax fell 8.4% to ₹220.98 crore, and basic EPS declined 8.6% to ₹7.64.
- H1 FY27 revenue was ₹946.77 crore, up 4.2%, while PAT was ₹530.47 crore, up 2.3%.
- The stock was down 9.4% by the fifth session after the results, against a 2.1% decline for the industry median.
How did Aditya Birla Sun Life AMC perform in Q2 FY27?
Aditya Birla Sun Life AMC reported consolidated revenue of ₹483.81 crore for Q2 FY27, up 4.9% from ₹461.32 crore in Q2 FY26 and 4.5% from ₹462.96 crore in Q1 FY27. EBITDA was ₹268.05 crore, down 5.1% year on year but up 4.0% sequentially; the EBITDA margin fell 5.9 percentage points year on year to 55.4% and declined 0.2 percentage points from Q1 FY27. Consolidated PAT was ₹220.98 crore, down 8.4% from ₹241.36 crore in Q2 FY26 and 28.6% from ₹309.49 crore in Q1 FY27. Basic EPS fell to ₹7.64 from ₹8.36 a year earlier and ₹10.72 in the previous quarter. PBT was ₹296.19 crore, down 6.2% year on year and 27.1% sequentially.
On a standalone basis, revenue was ₹476.19 crore and PAT was ₹224.21 crore. The standalone profit before tax was ₹299.05 crore and basic EPS was ₹7.75. The board approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 483.81 | 462.96 | 461.32 | +4.9% | +4.5% |
| Other income | 42.38 | 162.39 | 45.15 | −6.1% | −73.9% |
| Total expenses | 230 | 219.28 | 190.84 | +20.5% | +4.9% |
| EBITDA | 268.05 | 257.63 | 282.58 | −5.1% | +4.0% |
| EBITDA margin | 55.4% | 55.6% | 61.3% | −5.9 pp | −0.2 pp |
| Profit before tax | 296.19 | 406.07 | 315.63 | −6.2% | −27.1% |
| Tax | 75.21 | 96.58 | 74.27 | +1.3% | −22.1% |
| Net profit | 220.98 | 309.49 | 241.36 | −8.4% | −28.6% |
| EPS (₹) | 7.64 | 10.72 | 8.36 | −8.6% | −28.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Aditya Birla Sun Life AMC's costs and profit?
Total expenses rose 20.5% year on year to ₹230 crore from ₹190.84 crore in Q2 FY26. Employee cost was the largest increase, rising 32.8% by ₹31.18 crore to ₹126.26 crore, while other expenses increased 6.2% by ₹4.32 crore to ₹73.49 crore. Depreciation rose 21.0% by ₹2.27 crore to ₹13.10 crore, while finance costs fell 10.2% by ₹0.13 crore to ₹1.14 crore. Other income declined 6.1% year on year to ₹42.38 crore from ₹45.15 crore, and tax expense increased 1.3% by ₹0.94 crore to ₹75.21 crore. The company reported no exceptional item. Against Q1 FY27, total expenses were up 4.9% by ₹10.72 crore, other income was down 73.9% by ₹120.01 crore, and tax expense was down 22.1% by ₹21.37 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 126.26 | 95.08 | +31.18 | +32.8% |
| Finance costs | 1.14 | 1.27 | −0.13 | −10.2% |
| Depreciation | 13.10 | 10.83 | +2.27 | +21.0% |
| Other expenses | 73.49 | 69.17 | +4.32 | +6.2% |
| Total expenses | 230 | 190.84 | +39.16 | +20.5% |
| Other income | 42.38 | 45.15 | −2.77 | −6.1% |
| Tax | 75.21 | 74.27 | +0.94 | +1.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹946.77 crore, up 4.2% from ₹908.71 crore in H1 FY26. Total income increased 7.4% to ₹1,151.54 crore from ₹1,071.74 crore, while PBT rose 2.1% to ₹702.26 crore from ₹687.88 crore. PAT increased 2.3% to ₹530.47 crore from ₹518.43 crore, and basic EPS rose to ₹18.33 from ₹17.96. The first-half figures therefore showed higher revenue and profit than the year-earlier period, although the second-quarter profit was lower than in the previous quarter.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 946.77 | 908.71 | +4.2% |
| Profit before tax | 702.26 | 687.88 | +2.1% |
| Net profit | 530.47 | 518.43 | +2.3% |
| EPS (₹) | 18.33 | 17.96 | +2.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹4,242.44 crore at 30 September 2026, compared with ₹4,415.43 crore at 31 March 2026. Total equity declined to ₹3,881.6 crore from ₹4,041.66 crore, while cash and cash equivalents fell to ₹48.08 crore from ₹58.4 crore. No borrowings figure was reported for either balance-sheet date. For H1 FY27, operating cash flow was ₹381.67 crore, compared with ₹383.84 crore in H1 FY26. Investing cash flow increased to ₹325.26 crore from ₹321.66 crore, while financing cash flow was negative ₹717.25 crore, compared with negative ₹700.95 crore. Capital expenditure fell to ₹12.12 crore from ₹23.28 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 4,242 | 4,415 |
| Total equity | 3,882 | 4,042 |
| Cash and equivalents | 48.08 | 58.40 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 381.67 | 383.84 |
| Cash from investing | 325.26 | 321.66 |
| Cash from financing | −717.25 | −700.95 |
| Capital expenditure | 12.12 | 23.28 |
Source: Company's results filing (XBRL).
How has Aditya Birla Sun Life AMC done over the last 8 quarters?
Revenue increased year on year in each of the last eight quarters. It reached its highest level in the series in Q2 FY27 at ₹483.81 crore and its lowest in Q4 FY25 at ₹428.84 crore, with Q2 FY27 extending the revenue rise from ₹462.96 crore in Q1 FY27. PAT peaked at ₹309.49 crore in Q1 FY27 before falling to ₹220.98 crore in Q2 FY27, while the EBITDA margin bottomed at 55.4% in Q2 FY27 from 55.6% in Q1 FY27. The margin’s earlier peak was 61.6% in Q3 FY25, and its lowest point before Q1 FY27 was 56.9% in Q4 FY25.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 21 October 2026. The company also filed the investor presentation and press release, including information on AUM, distribution, passive and alternative investments, and SIP flows. The same-day filings did not announce a dividend, fund raise, or appointment.
What did Aditya Birla Sun Life AMC's management say?
Management said employee and operating costs would remain broadly in line with Q2 FY27 in the coming quarters, apart from inflation effects. CFO Pradeep Sharma said: “For coming quarters, I think the number should be in the similar range of Q2.” Existing ESOP schemes are expected to create an annual impact of ₹55-60 crore for the coming two years, while the new scheme is expected to add ₹14-15 crore per year, or approximately ₹3-3.5 crore per quarter. CEO A. Balasubramanian said: “So, the way we looked at is any incremental growth that comes in, is not going to come at the cost of my profit margins, profitability going down.” Management plans six retail and non-retail GIFT City fund launches in Q3 FY27, while fundraising for the Real Estate Credit Opportunities Fund Series II is targeted to close by December 2026. The EPFO and ESIC mandates are expected to be expense-neutral at inception, with potential to add a few basis points of profitability over time.
Management identified near-term market volatility and shifting interest-rate expectations as risks to mutual-fund flows. It also pointed to direct-channel penetration of around 18% of flows, employee-cost inflation and higher ESOP expense, uncertainty around SIF adoption and future unit economics, and continuing redemptions despite improved retention.
How did Aditya Birla Sun Life AMC shares react?
After the filing appeared, the stock was down 2.9% after five minutes and 2.2% after 15 minutes, while it was unchanged after 30 minutes. It closed 1.4% below its pre-results close on the reaction day. By the next day’s close, it was down 5.6% from that pre-results close, and by the fifth session it was down 9.4%. The industry median moved down 1.6% on the reaction day, 2.3% by the next day and 2.1% by the fifth session. The stock therefore outperformed the industry median by 0.3 percentage points on the reaction day, but fell 3.3 percentage points more over one day and 7.3 percentage points more over five days. Earlier results-day moves included declines of 6.9% on 21 July 2026 and 4.6% on 27 January 2025, and gains of 2.6% on 23 April 2026 and 4.3% on 28 October 2024.
| After the filing | Stock | Asset Management Company median |
|---|---|---|
| 5 minutes | −2.9% | |
| 15 minutes | −2.2% | |
| 30 minutes | +0.0% | |
| Reaction day | −1.4% | −1.6% |
| Next day | −5.6% | −2.3% |
| 5 days | −9.4% | −2.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 21 July 2026 | −6.9% |
| 23 April 2026 | +2.6% |
| 22 January 2026 | −0.2% |
| 24 October 2025 | −1.9% |
| 24 July 2025 | −0.3% |
| 28 April 2025 | +0.6% |
| 27 January 2025 | −4.6% |
| 28 October 2024 | +4.3% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Aditya Birla Sun Life AMC's revenue in Q2 FY27?
Revenue from operations was ₹483.81 crore, up 4.9% from ₹461.32 crore in Q2 FY26 (consolidated).
Did Aditya Birla Sun Life AMC make a profit in Q2 FY27?
Yes. Net profit was ₹220.98 crore, against a net profit of ₹241.36 crore in Q2 FY26.
What was Aditya Birla Sun Life AMC's EPS in Q2 FY27?
Basic earnings per share were ₹7.64, against ₹8.36 in Q2 FY26.
How did Aditya Birla Sun Life AMC shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.4% from the previous close; the median Asset Management Company stock moved −1.6%.
When did Aditya Birla Sun Life AMC announce its Q2 FY27 results?
On 21 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026 (BSE, 13 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Pursuant To Regulation 30 And 33 Of SEBI Listing Regulations (BSE, 21 October 2026) · PDF
- Results - Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2026 (BSE, 21 October 2026) · PDF
- The earnings call (27 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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