Aditya Birla Sun Life AMC stock plunges nearly 9% after Q3 earnings fail to cheer investors

Shares of Aditya Birla Sun Life AMC plunged nearly 9% in the mid-session deals on Tuesday after the company's December quarter earnings failed to cheer investors.

The scrip of the company declined 8.77% to ₹587 apiece on the National Stock Exchange (NSE). On the BSE, it slumped 8.4% to ₹588.90 per piece.

The stock is currently trading 4.97% down at ₹611.45 apiece on the NSE.

The markets were trading in positive territory. The 30-share BSE Sensex jumped 776.44 points or 1.03% to 76,142.61. The broader NSE Nifty climbed 208.95 points or 0.92% to 23,038.10.

On Monday, Aditya Birla Sun Life AMC reported a 7% growth in Profit After Tax (PAT) to ₹224.5 crore for three months ended December 2024.

The company posted a PAT of ₹209.3 crore in the same quarter preceding fiscal, the asset management firm said in a regulatory filing.

Revenue from operations surged 30% to ₹445.1 crore in the October-December quarter of the current fiscal against ₹341.5 crore a year ago.

Aditya Birla Sun Life Mutual Fund's Assets Under Management (AUM) reached ₹3.84 lakh crore at the end of December 2024, reflecting a 23% year-on-year growth, it added.