Aditya Birla Sun Life AMC (ABSLAMC) Q4 15/16 earnings summary

Executive summary

• FY ended Mar. 31, 2016 revenue from operations rose to ₹7,416,408,996 from ₹5,743,545,667; profit after tax increased to ₹2,094,941,491 from ₹1,263,391,551.

• Auditors gave an unqualified opinion and found internal financial controls adequate and effective in all material respects as of Mar. 31, 2016.

Financial highlights

• Total revenue was ₹7,565,461,076 versus ₹6,107,018,113; operating revenue grew while other income declined to ₹149,052,080 from ₹363,472,446.

• Profit before tax increased to ₹3,202,163,752 from ₹1,844,951,575; profit after tax was ₹2,094,941,491 versus ₹1,263,391,551.

• Employee benefits expense rose to ₹1,597,976,253 from ₹1,365,879,886; administrative expense increased to ₹887,662,759 from ₹697,969,015.

• Brokerage and marketing expense fell to ₹1,791,244,955 from ₹2,093,832,848; depreciation and amortisation declined to ₹86,413,357 from ₹104,384,789.

Segment performance

• Operations were classified as a single segment, asset management services, reflecting the stated similarity of risks and rewards across asset-management and portfolio-management activities.

• Management and advisory fees were ₹6,998,849,627 versus ₹5,453,528,723; portfolio management fees were ₹217,716,474 versus ₹85,961,763.

• Real estate fund management fees were ₹199,842,895 versus ₹204,055,181.