New Delhi, Oct 26 (PTI) Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday reported a seven per cent decline in net profit to Rs 178 crore in the September quarter.

The asset management firm had posted a net profit of Rs 191.7 crore in the year-ago period, Aditya Birla Sun Life AMC said in a statement.

Also Read | Katy Perry Birthday: Celebrating the Fashion Icon That She Is!.

The company's revenue from operations rose eight per cent to Rs 335 crore in the quarter under review from Rs 311 crore a year ago.

ABSL AMC's assets under management stood at Rs 3.1 lakh crore in the second quarter of the current fiscal, registering a growth of 10 per cent.

Also Read | DRDO Recruitment 2023: Vacancies Notified for 37 Apprentice Posts, Apply Online at drdo.gov.in.

Founded in 1994, the Aditya Birla Sun Life AMC is co-owned by Aditya Birla Capital and Sun Life (India) AMC Investments Inc. It is one of the leading asset managers in the country, servicing around 7.89 million investor accounts with a pan-India presence across over 290 locations.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)