has reported that its net profit in the September quarter was up 4 per cent at ₹749 crore against ₹718 crore logged in the same period last year.
Revenue increased 14 per cent to ₹1,170 crore ( ₹1,027 crore). However, other income plunged to ₹71 crore ( ₹96 crore) in the quarter under review.
Other income primarily consists of financial returns and valuation changes from the company’s treasury and investment portfolio.
Overall expenses were up at ₹265 crore ( ₹248 crore) as the employees benefit increased to ₹142 crore ( ₹124 crore).
The company has re-assessed its income-tax position in the September quarter and reversed income tax provision of Rs 47 crore, resulting in additional credit to the net profit, it said.
The average quarter asset under management increased 10 per cent to ₹9.69 lakh crore ( ₹8.81 lakh crore) while equity-oriented AUM was up 14 per cent to ₹6.08 lakh crore ( ₹5.34 lakh crore).
Debt AUM was down 13 per cent at ₹1.62 lakh crore ( ₹1.86 lakh crore) while liquid AUM increased 10 per cent to ₹86,000 crore ( ₹78,200 crore).
Systematic transactions inflows was up 6 per cent at ₹4,800 crore ( ₹4,510 crore) year-on-year, while it was down marginally.
The fund house has surplus of ₹8,746 crore invested largely in debt and liquid funds.
The fund house expects to launch products in the SIF category over the next couple of quarters and plans to add contra and life cycle funds after recent SEBI classification changes.