Value Added Product Mix Shift
Expected: CurrentMEDIUM confidence
What: Alternate Revenue: ₹34 Cr
Impact: 4.5% of total revenue
“alternate revenue for Q3 FY26 was around ₹34 crores, which is around 4.5% of our total revenue.”
Aditya Birla Sun Life AMC Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +33.3%Weak12w Streak
In , Aditya Birla Sun Life AMC Ltd (Finance - AMC) is outperforming Nifty 500 with +33.3% relative strength. Fundamentals: Weak. On a 12-week streak.
Aditya Birla Sun Life AMC Ltd Key Facts
- PE Ratio
- 31.7x
- Market Cap
- ₹31,003 Cr
- PAT Growth YoY
- -18%
- Revenue Growth YoY
- +7%
- RS vs Nifty 500
- +33.3%
Momentum Only
What's Happening
🌐FII stake increased 1.6% this quarter
🏛️DII reducing — stake down 2.1%
💰Trading 52% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. Value Added Product Mix Shift
CurrentMEDIUM
2. Regulatory Approval Or License Win
Before current quarter endingHIGH
3. Market Share Gains
Next 1-2 yearsMEDIUM
Key Risks
1. Employee benefit expenses rose 20% YoY due to ESOPs and gratuity
MEDIUM2. Potential impact of new SEBI circulars on yields
LOWSector-Specific Signals
Total Average AUM₹4,81,000 Cr+20%
Equity Mutual Fund AUM₹2,00,000 Cr+11%
Monthly SIP Contribution₹1,080 Cr
Equity Yield64-65 bps
Key Numbers
PAT Growth YoY
-18%
Inflection Down
Revenue YoY
+7%
Decelerating
Price to Book
7.7
Current Price
₹1,072
Dividend Yield
2.24%
Fundamental Score
23/100
Weak
3Y PAT CAGR
+18%
Market Cap
31.0K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Aditya Birla Sun Life AMC Ltd's Earnings Accelerating?
Based on Q3 FY26 earnings • Updated Apr 18, 2026
Regulatory Approval Or License Win
Expected: Before current quarter endingHIGH confidence
What: EPFO Mandate: Onboarding pending
“received EPFO allocation letter, appointing us as one of the managers for the fixed income mandate.”
Market Share Gains
Expected: Next 1-2 yearsMEDIUM confidence
What: SIP Market Share: Stabilizing
“market share loss has been coming down in terms of annual basis points... almost come to a stage where it is getting stabilized.”
PMS/AIF/Advisory AUM growth of 8x YoY to ₹32,663 crores.
HIGH confidence
What: PMS/AIF/Advisory AUM growth of 8x YoY to ₹32,663 crores.
“AUM of ESIC mandate accounted for about ₹28,000 crores as of December 31, 2025”
Employee Cost guidance raised
HIGH confidence
What: 10-12% growth → Higher due to ESOPs
“next few quarters, we will have an impact on the manpower cost on account of this new ESOP scheme.”
What Are the Key Risks for Aditya Birla Sun Life AMC Ltd?
Earnings deceleration risks from management commentary
Employee benefit expenses rose 20% YoY due to ESOPs and gratuity
MEDIUMTrigger: New ESOP scheme from parent company and labor code changes.
Impact: PAT impact: ₹7.48 Cr in Q3
Management view: ESOP costs will be spread over three years; gratuity is a one-time impact.
Monitor: labor
Potential impact of new SEBI circulars on yields
LOWTrigger: Regulatory changes in fee structures.
Impact: PAT impact: Minimal
Management view: Management estimates minimal impact and will balance it to ensure investor benefit.
Monitor: regulatory
What Is Aditya Birla Sun Life AMC Ltd's Management Saying?
Key quotes from recent conference calls
“Understood. So, for the entire year, basically 10%-12% is something that we can expect, right? Pradeep Sharma: Yes. [Previous Employee Expenses guidance]”
“incorporated our new wholly-owned subsidiary company, Aditya Birla Sun Life AMC International (IFSC) Limited in GIFT City [Initiative: GIFT City Subsidiary]”
“By the time the budget would also be out... our first fund will be launched in the month of February. [Initiative: SIF (Specialized Investment Fund) Launch]”
“additional impact of gratuity... accounts for around ₹2.82 crores... ESOP of around ₹4.66 crores [Risk (labor): MEDIUM]”
What Did Aditya Birla Sun Life AMC Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹478 Cr
YoY +7%QoQ +3.7%
Revenue growth was steady at 7% YoY, though slightly lower than the 9% YoY growth seen in Q2.
EBITDA
₹358 Cr
YoY +19%Margin 74.9%
Operating profit (PBT) grew significantly faster than revenue, indicating margin expansion.
PAT
₹270 Cr
YoY +20%QoQ +12%
PAT growth of 20% YoY reflects strong bottom-line performance.
Other Highlights
• Overall Average AUM reached ₹4.81 lakh crores, growing at 20% year-on-year.
• PMS/AIF/Advisory assets reached ₹32,663 crores, an 8x increase from ₹3,853 crores a year ago.
• Passive Quarterly Average AUM touched ₹38,600 crores, representing 28% year-on-year growth.
What Sector Metrics Matter for Aditya Birla Sun Life AMC Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Total Average AUM
₹4,81,000 Cr
YoY +20%QoQ +4.3%
Why: Driven by growth in mutual funds and a massive jump in alternate assets.
Equity Mutual Fund AUM
₹2,00,000 Cr
YoY +11%QoQ 0%
Why: Steady growth despite market volatility.
Monthly SIP Contribution
₹1,080 Cr
QoQ -1.8%
Why: Impacted by maturities of SIPs in the form of STP (Systematic Transfer Plan) expiries.
Equity Yield
64-65 bps
QoQ Flat
Why: Maintained despite telescopic pricing pressures.
PMS/AIF/Advisory AUM
₹32,663 Cr
YoY +747%QoQ +8%
Why: Primarily due to the onboarding of the ₹28,000 crore ESIC mandate.
Passive Average AUM
₹38,600 Cr
YoY +28%QoQ +7.2%
Why: Robust traction in ETF offerings, which grew 40% YoY.
SIP AUM
₹87,000 Cr
QoQ +6.1%
Employee Number
1,683
QoQ -2.1%
What Is Aditya Birla Sun Life AMC Ltd's Management Guidance?
Forward-looking targets from management for Next few quarters
OPM Guidance
64–65%
Margin Outlook
Equity yields expected to remain in the same range.
Management Tone: BULLISH
Guidance Changes
RAISED
Employee Cost: 10-12% growth → Higher due to ESOPs
How Fast Is Aditya Birla Sun Life AMC Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +7% | +11% | Decelerating |
| PAT (Net Profit) | -18% | +18% | Inflection Down |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Finance - AMC Stocks Beating Nifty 500
Frequently Asked Questions: Aditya Birla Sun Life AMC Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Aditya Birla Sun Life AMC Ltd's latest quarterly results?
Aditya Birla Sun Life AMC Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: -18.0% (inflecting downward)
- Revenue Growth YoY: +6.8%
- Operating Margin: 58.0%
Is Aditya Birla Sun Life AMC Ltd's profit growing or declining?
Aditya Birla Sun Life AMC Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -18.0% (latest quarter)
- PAT Growth QoQ: -30.7% (sequential)
- 3-Year PAT CAGR: +17.8%
- Trend: Inflecting downward — consistent growth pattern
What is Aditya Birla Sun Life AMC Ltd's revenue growth trend?
Aditya Birla Sun Life AMC Ltd's revenue growth trend is decelerating.
- Revenue Growth YoY: +6.8%
- Revenue Growth QoQ: -4.2% (sequential)
- 3-Year Revenue CAGR: +11.0%
What is Aditya Birla Sun Life AMC Ltd's asset quality trend?
Aditya Birla Sun Life AMC Ltd's asset quality trend is insufficient_data.
What is Aditya Birla Sun Life AMC Ltd's 3-year profit and revenue CAGR?
Aditya Birla Sun Life AMC Ltd's long-term compounding rates
- 3-Year Profit CAGR: +17.8%
- 3-Year Revenue CAGR: +11.0%
Is Aditya Birla Sun Life AMC Ltd's growth accelerating or decelerating?
Aditya Birla Sun Life AMC Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: -38.5% bps
- Sequential Acceleration: -42.7% bps
What is Aditya Birla Sun Life AMC Ltd's trailing twelve month (TTM) performance?
Aditya Birla Sun Life AMC Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹975 Cr
- TTM PAT Growth: +4.8% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +9.4% YoY
Is Aditya Birla Sun Life AMC Ltd overvalued or undervalued?
Aditya Birla Sun Life AMC Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 31.7x
- Price-to-Book: 7.7x
What is Aditya Birla Sun Life AMC Ltd's current PE ratio?
Aditya Birla Sun Life AMC Ltd's current PE ratio is 31.7x.
- Current PE: 31.7x
- Market Cap: 31.0K Cr
- Dividend Yield: 2.24%
How does Aditya Birla Sun Life AMC Ltd's valuation compare to its history?
Aditya Birla Sun Life AMC Ltd's current PE is 31.7x.
- Current PE: 31.7x
- Valuation Assessment: Significantly Overvalued
What is Aditya Birla Sun Life AMC Ltd's price-to-book ratio?
Aditya Birla Sun Life AMC Ltd's price-to-book ratio is 7.7x.
- Price-to-Book (P/B): 7.7x
- Book Value per Share: ₹140
- Current Price: ₹1072
Is Aditya Birla Sun Life AMC Ltd a fundamentally strong company?
Aditya Birla Sun Life AMC Ltd is rated Weak with a fundamental score of 23/100. This score is calculated from objective financial metrics
- PAT Growth YoY: -18.0% (20% weight)
- PAT Growth QoQ: -30.7% (15% weight)
- Earnings trend: inflection_down (5% weight)
Is Aditya Birla Sun Life AMC Ltd debt free?
Aditya Birla Sun Life AMC Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹64 Cr
What is Aditya Birla Sun Life AMC Ltd's return on equity (ROE) and ROCE?
Aditya Birla Sun Life AMC Ltd's return ratios over recent years
- FY2024: ROCE 35.0%
- FY2025: ROCE 36.0%
- FY2026: ROCE 32.0%
Is Aditya Birla Sun Life AMC Ltd's cash flow positive?
Aditya Birla Sun Life AMC Ltd's operating cash flow is positive (FY2026).
- Cash from Operations (CFO): ₹812 Cr
- Free Cash Flow (FCF): ₹717 Cr
- CFO/PAT Ratio: 83% (strong cash conversion)
What is Aditya Birla Sun Life AMC Ltd's dividend yield?
Aditya Birla Sun Life AMC Ltd's current dividend yield is 2.24%.
- Dividend Yield: 2.24%
- Current Price: ₹1072
Who holds Aditya Birla Sun Life AMC Ltd shares — promoters, FII, DII?
Aditya Birla Sun Life AMC Ltd's shareholding pattern (Mar 2026)
- Promoters: 74.8%
- FII (Foreign): 5.8%
- DII (Domestic): 11.6%
- Public: 7.8%
Is promoter holding increasing or decreasing in Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 74.8% (Mar 2026)
- Previous Quarter: 74.8% (Dec 2025)
- Change: 0.00% (stable)
How long has Aditya Birla Sun Life AMC Ltd been outperforming Nifty 500?
Aditya Birla Sun Life AMC Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Aditya Birla Sun Life AMC Ltd a new momentum entry or an established outperformer?
Aditya Birla Sun Life AMC Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd has 5 key growth catalysts identified from recent earnings analysis
- Value Added Product Mix Shift — PMS and AIF segments are seeing an upward trend in revenue contribution.
- Regulatory Approval Or License Win — Selection as a manager for the fixed income mandate will add significant AUM.
- Market Share Gains — Improved fund performance over 1-3 years is leading to inclusion in distributor recommendation lists.
- PMS/AIF/Advisory AUM growth of 8x YoY to ₹32,663 crores. — Driven primarily by the inclusion of the ₹28,000 crore ESIC mandate.
What are the key risks in Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd has 2 key risks worth monitoring
- [MEDIUM] Employee benefit expenses rose 20% YoY due to ESOPs and gratuity — New ESOP scheme from parent company and labor code changes.
- [LOW] Potential impact of new SEBI circulars on yields — Regulatory changes in fee structures.
What did Aditya Birla Sun Life AMC Ltd's management say in the latest earnings call?
In Q3 FY26, Aditya Birla Sun Life AMC Ltd's management highlighted
- "Understood. So, for the entire year, basically 10%-12% is something that we can expect, right? Pradeep Sharma: Yes. [Previous Employee Expenses guida..."
- "incorporated our new wholly-owned subsidiary company, Aditya Birla Sun Life AMC International (IFSC) Limited in GIFT City [Initiative: GIFT City Subs..."
- "By the time the budget would also be out... our first fund will be launched in the month of February. [Initiative: SIF (Specialized Investment Fund) ..."
What is Aditya Birla Sun Life AMC Ltd's management guidance for growth?
Aditya Birla Sun Life AMC Ltd's management has provided the following forward guidance for Next few quarters
- Revenue outlook: Not Given
- OPM guidance: 64–65%
- Management tone: bullish
- Milestone: [RAISED] Employee Cost: 10-12% growth → Higher due to ESOPs
What sector-specific metrics matter most for Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd's most important sub-sector-specific KPIs from the latest concall
- Total Average AUM: ₹4,81,000 Cr (YoY +20%) (QoQ +4.3%) — Driven by growth in mutual funds and a massive jump in alternate assets.
- Equity Mutual Fund AUM: ₹2,00,000 Cr (YoY +11%) (QoQ 0%) — Steady growth despite market volatility.
- Monthly SIP Contribution: ₹1,080 Cr (QoQ -1.8%) — Impacted by maturities of SIPs in the form of STP (Systematic Transfer Plan) expiries.
- Equity Yield: 64-65 bps (QoQ Flat) — Maintained despite telescopic pricing pressures.
- PMS/AIF/Advisory AUM: ₹32,663 Cr (YoY +747%) (QoQ +8%) — Primarily due to the onboarding of the ₹28,000 crore ESIC mandate.
- Passive Average AUM: ₹38,600 Cr (YoY +28%) (QoQ +7.2%) — Robust traction in ETF offerings, which grew 40% YoY.
Is Aditya Birla Sun Life AMC Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Aditya Birla Sun Life AMC Ltd may be worth studying
- Cash flow is positive — CFO ₹812 Cr
What is the investment thesis for Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Value Added Product Mix Shift
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: Employee benefit expenses rose 20% YoY due to ESOPs and gratuity
What is the future outlook for Aditya Birla Sun Life AMC Ltd?
Aditya Birla Sun Life AMC Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: decelerating
- Valuation: Significantly Overvalued
- Key Catalyst: Value Added Product Mix Shift
- Key Risk: Employee benefit expenses rose 20% YoY due to ESOPs and gratuity
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.