Profit before tax for the quarter was at Rs 59.78 crore, up 8.12% from Rs 55.29 crore reported in Q4 FY23.
Operating profit grew by 3.9% year on year to Rs 60.8 crore during the quarter. Operating margin reduced to 25.4% in Q4 FY24 as compared to 33.1% recorded in the corresponding quarter previous year.
For FY24, the company’s consolidated net profit stood at Rs 138.75 crore, up 18.91% on the back of strong operational growth & higher other income.
Revenue from operations jumped 31.69% YoY to Rs 805.09 crore in FY24, mainly due to 32% growth in yearly average AUM in the mutual fund vertical coupled with a 50% growth in revenues from non-mutual fund products.
Growth in AUM was largely led by marked to market (M2M) gains as markets witnessed a strong broad based rally dur...
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