Aditya Birla Sun Life AMC declares interim dividend, record date fixed


Birla, Aditya For the quarter ending December 31, 2022, Sun Life AMC, one of the top asset managers in India, served more than 8.01 million investor folios with a pan-India presence across 290+ locations and a total AUM of more than Rs. 2,930 billion. For stockholders that qualify, the corporation has issued an interim dividend for the fiscal year 2022–2023.

In accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform you that, among other things, the Board of Directors of the Company considered and approved the payment of Interim Dividend for the financial year 2022–23 at a rate of 5 per equity share with a face value of 5 each at their meeting held today, Thursday, March 16, 2023. The record date for determining shareholders’ eligibility for the payment of the interim dividend is Friday, March 24, 2023, as previously informed to the stock exchanges in our letter dated March 10, 2023. “On or before April 10, 2023, the Interim Dividend shall be paid to the Eligible Shareholders,” stated Aditya Birla Sun Life AMC in a stock exchange filing on Thursday.

Aditya Birla Sun Life AMC reported an 11% decrease in profit after tax (PAT), to 166.3 crore, for the quarter that ended in December 2022, as compared to a PAT of 186.2 crore in the same quarter the year prior. From Q3FY22 to Q3FY23, its total revenues increased from 353 crore to 363.17 crore. Aditya Birla Sun Life AMC is the fourth-largest asset management company in India, with an average quarterly asset under management of 2.82 lakh crore.

Aditya Birla Sun Life AMC shares closed at 359.45 per share today on the NSE, up 0.79% from the previous closing of 356.65. Compared to the 20-Day average volume of 75,881 shares, the stock had a total volume of 1,51,690 shares. The stock has lost 28.14% over the past year, and on a year-to-date basis, it has lost 21.29% in 2023. On April 22, 2022, the stock reached a 52-week high of 560.00 and a 52-week low of 353.55. (16-Mar-2023).

For the fiscal year that ended in March 2022, Aditya Birla Sun Life AMC issued an equity dividend of 229.00% at a face value of 5, or 11.45 per share. With the current share price of 359.45, the dividend yield is 3.18%. Aditya Birla Sun Life AMC Ltd. has given three dividends from November 3, 2021, and throughout the past 12 months, an equity dividend of 5.85 rupees per share has been declared, per Trendlyne’s statistics. At the current share price of 359.45, this yields a dividend of 1.63%.