Type of Event: Earnings Conference Call for Q2 & H1 FY27 results hosted by Motilal Oswal Financial Services Limited.

Date and Time: Wednesday, October 21, 2026. Specific time not mentioned in the transcript.

Purpose: Discussion of unaudited financial results for the quarter and half year ended September 30, 2026, and business updates.

Management Participants:

  • Mr. A. Balasubramanian – Managing Director and Chief Executive Officer
  • Mr. Pradeep Sharma – Chief Financial Officer
  • Mr. Paritosh Chittora – Head of Investor Relations

Availability of Materials: The earnings presentation was available on stock exchanges and the company's website at https://mutualfund.adityabirlacapital.com/shareholders/financials. The transcript of the call was filed with the exchanges.

Financial Period Discussed: Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (half year ended September 30, 2026).

Financial Highlights Disclosed:

  • Q2 FY27 Total Revenue: ₹526 crores (vs ₹506 crores in Q2 FY26)
  • Q2 FY27 Profit Before Tax: ₹296 crores (vs ₹316 crores in Q2 FY26)
  • Q2 FY27 Profit After Tax: ₹221 crores (vs ₹241 crores in Q2 FY26)
  • H1 FY27 Total Revenue: ₹1,152 crores (vs ₹1,072 crores in H1 FY26)
  • H1 FY27 Profit Before Tax: ₹702 crores (vs ₹688 crores in H1 FY26)
  • H1 FY27 Profit After Tax: ₹530 crores (vs ₹518 crores in H1 FY26)

Business Updates and Forward-Looking Statements:

  • Overall AUM including alternate assets crossed ₹11 lakh crores milestone (₹11.06 lakh crores)
  • Mutual fund quarterly average AUM: ₹4.42 lakh crores (up 4% YoY)
  • Equity mutual fund quarterly average AUM: ₹2.09 lakh crores (up 9% YoY)
  • Equity mix for the quarter: 47.4%
  • SIP contribution for September 2026: ₹1,094 crores from 41.7 lakh SIP accounts
  • Total investor folios: 1.14 crores (up 6% YoY)
  • New SIP registrations for the quarter: ~7.05 lakhs
  • Passive quarterly average AUM: ₹39,860 crores (up 10% YoY)
  • Launched Birla Passives as a dedicated brand for passive investments
  • First in India to launch BSE Total Market Cap Index Fund and BSE Total Market Cap ETF
  • SIF platform comprises three products with total AUM of approximately ₹700 crores
  • GIFT City initiatives: launched retail fund offering, ABSL Flexi Cap Fund for inward remittance
  • Plans to launch six funds across retail and non-retail categories in GIFT City
  • Real estate business AUM: ₹860 crores (43% YoY growth)
  • Fundraising underway for Real Estate Credit Opportunities Fund Series II
  • ESOP cost impact: ₹12-13 crores in Q2 FY27; new scheme expected impact of ₹14-15 crores annually

Compliance Statement: The document is a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript contains management discussion of published financial results.

Additional Notes Section

The document is the complete transcript of the earnings conference call, including Q&A session with analysts from Centrum Broking, IIFL, Motilal Oswal, InCred Equities, PL Capital, Elara Securities, and Antique Stock Broking.