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ABSLAMC Diversified 20 Jan 2026

Aditya Birla Sun Life AMC Limited — Q3 FY26

Aditya Birla Sun Life AMC reported Q3 FY26 revenue of 478 crore (+7.7% YoY) and PAT of 358 crore (+19% YoY), driven by higher AUM and improved fund performance.

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Revenue ₹478 Cr +7.7%
EBITDA
PAT ₹358 Cr +19%
EBITDA Margin
Duration 40 min
Read Time 1 min read

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2-Minute Summary

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Aditya Birla Sun Life AMC reported Q3 FY26 revenue of 478 crore (+7.7% YoY) and PAT of 358 crore (+19% YoY), driven by higher AUM and improved fund performance. Quarterly average AUM (incl. alternatives) hit a record 4.81 lakh crore (+20% YoY), with mutual fund AUM at 4.40 lakh crore (+14% YoY). Equity AUM grew 11% YoY to 2 lakh crore. The PMS/AIF segment surged 70% YoY to 20,000 crore. Management highlighted stabilizing market share and improving flows into core equity products like flexicap and balanced advantage funds. Guidance includes minimal impact from the SEBI total expense ratio circular, continued ESOP cost headwinds for three more quarters, and the launch of a hybrid fund under the new tax regime in February. Key risk: market share recovery may lag despite improved fund performance due to intense competition and distribution inertia.

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Risk Intelligence

Market share recovery may lag performance improvement

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Quarter Snapshot

Quarterly Average AUM (incl. alternatives) 4.81 lakh crore
+20% YoY

Record high AUM driven by strong inflows and market performance.

PMS/AIF AUM (ex-EPFO) 20,000 crore
+70% YoY

Robust organic growth in alternative assets, reflecting strong HNI demand.

Passive AUM (quarterly average) 30,600 crore
+28% YoY

ETF AUM grew 40% YoY, outpacing industry ETF growth of 24%.

SIP AUM 87,000 crore
flat

SIP book stable; management expects improvement as fund performance translates into flows.

Fast read

Guidance and risk preview

Top guidance Minimal impact from SEBI TERO circular on yields

Management expects the regulatory change to have a very limited impact on overall yields, with marginal reduction offset by scale and product mix.

Top risk Market share recovery may lag performance improvement

Despite improved fund performance, market share continues to decline, and management could not provide a timeline for reversal.

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