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    ABSL AMC Q3 results: Net profit up 27% to Rs 186 crore

    Synopsis

    ​​​Total income rose to Rs 353 crore in the quarter under review from Rs 321.91 crore a year ago.

    Earnings - rise -- ThinkstockThinkStock Photos
    New Delhi: Aditya Birla Sun Life AMC on Tuesday reported a 27 per cent jump in profit after tax to Rs 186.2 crore for the three-month period ended December 2021. The company had posted a profit after tax of Rs 146.8 crore in the same quarter of the preceding fiscal, the asset management firm said in a filing to the stock exchanges.

    Total income rose to Rs 353 crore in the quarter under review from Rs 321.91 crore a year ago. Aditya Birla Sun Life AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.98 lakh crore.

    Aditya Birla Sun Life AMC, a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc, is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.



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    (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.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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