Aditya Birla Sun Life AMC is one of India's largest mutual fund houses, and its Q2 FY 2026-2027 print lands amid a quarter of record industry SIP contributions and accelerating equity inflows — but also a sharp September market fall of about 5.7% on both benchmark indices. The key things the results will speak to are the yield trajectory (blended yield was 43.3bp in Q1, with a flagged 3-4 bps SEBI-circular compression) and the cost line, after employee expenses surged 25.59% YoY and operating margin compressed 428 bps YoY in Q1.
| Results date | October 21, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 462.96 crore (Q1 FY27, +3.48% YoY) |
| Previous quarter PAT | Rs. 309.49 crore (Q1 FY27, +11.68% YoY) |
| Market cap | Rs. 28,376.13 Cr |
| CMP | Rs. 980.6 |
Aditya Birla Sun Life AMC has scheduled its Q2 & H1 FY27 earnings conference call for Wednesday, 21 October 2026, 4:00 p.m. IST, to discuss the unaudited results for the quarter and half year ended 30 September 2026, per its 13 October 2026 exchange intimation.
The Q2 & H1 FY27 earnings conference call is scheduled for Wednesday, 21 October 2026 at 4:00 p.m. IST, to discuss the unaudited results for the quarter and half year ended 30 September 2026, per the company's 13 October 2026 exchange intimation.
The quarter's fee pool expanded — industry equity net inflows accelerated each month from Rs. 24,697 crore in July to Rs. 38,307 crore in September, SIP contributions set successive records (Rs. 31,961 to Rs. 32,490 crore), and quarterly average industry AAUM held in a tight Rs. 86.3-88.3 lakh crore band — a volume tailwind against ABSLAMC's flat-QoQ QAAUM of Rs. 4.3 trillion in Q1 FY27. The swing factor is mix and yield: ABSLAMC's equity market share of 3.97% sits well below its 5.79% ex-ETF overall share, passive AUM monetises at ~8bp versus 63-64bp for equity, and the Q1 results-pulse data flags 3-4 bps of yield compression from the SEBI circular as materialising, against management's characterisation of the post-TER commission restructuring as 'broadly…a neutral kind of impact'. On costs, the Q1 pattern — opex up 13% YoY, cost-to-income at 44.4% versus 40.5% a year ago, and employee expenses up 25.59% YoY against 3.48% revenue growth — points to an expanding cost-income ratio unless revenue from the larger Q2 AAUM base catches up. The September market fall of about 5.7% on the Nifty 50 and Sensex lands late in the quarter, making both the fee line and the own-book MTM line (Q1 other income of Rs. 162.39 crore included a Rs. 162 crore non-recurring MTM gain) sensitive into the quarter's exit, with the Nifty 50 at 22,916.75 on 15 October. The call is also expected to cover the 7 July 2026 MF Regulations amendment and the 24 September 2026 SEBI Board decisions, including the exit-load waiver, the 1% fixed-fee cap with a performance-fee model, and the 25% cap on investments in affiliated schemes.
QAAUM bridge vs AMFI prints: How reported Q2 FY27 quarterly average AUM maps to the July-September AMFI data.
Yield bridge in bps
Cost-income trajectory
SEBI regulatory line
Other income quality (own-book MTM)
On the Q1 FY27 call, management described the post-TER-regulation commission restructuring effective 1 April 2026 as 'broadly…a neutral kind of impact' in bps for the AMC and distributors. However, the Q1 FY27 results-pulse data flags revenue yield compression of 3-4 bps from the SEBI circular as materialising, a tension worth probing on the call.
Q1 FY27 consolidated revenue from operations was Rs. 462.96 crore (+3.48% YoY) and PAT was Rs. 309.49 crore (+11.68% YoY). PAT was inflated by a Rs. 162 crore non-recurring MTM gain, and operating margin compressed 428 bps YoY to 52.88%.
In Q1 FY27 (June 2026), ABSLAMC's mutual fund QAAUM was Rs. 4.3 trillion (+6% YoY, flat QoQ) with a 5.79% market share ex-ETF and a 3.97% equity share. The management-fee yield was 43.3bp, versus 44.3bp in 1QFY26 and 42.1bp in 4QFY26.
Management acknowledged a marginal SIP-book reduction and SIP market-share loss on the Q1 FY27 call. ABSLAMC's June 2026 SIP contribution was Rs. 1,085 crore with about 40 lakh contributing folios and roughly 5.5 lakh quarterly new registrations.