HDFC AMC Shares Rally 3% as PAT Surges 31% YoY to ₹641 Crore, Revenue Up 39%!
HDFC Asset Management Company’s shares rose in trade on January 15, after the AMC reported a significant 31 percent increase in profit profit for the October-December quarter (Q3) of fiscal year 2025 (FY25). HDFC AMC posted a net profit of Rs 641 crore in the third quarter, up 31%. The company’s operating revenue increased 39 percent year on year to Rs 671.32 crore in the quarter.
HDFC AMC Q3 Result
On Tuesday, January 14, HDFC Asset Management Company (HDFC AMC) announced a net profit, or profit after tax (PAT), of ₹641.5 crore for the quarter that concluded on December 31, 2024 (Q3 FY25). Due to the company’s ₹489.6 crore net profit in the previous year, the amount increased 31% year over year (YoY). In comparison to the same quarter of the previous fiscal year, when revenue from operations was ₹671.3 crore, it increased 39% to ₹934.3 crore for the current quarter.
The company’s overall revenue of ₹1,027.1 crore was a 26% increase over the ₹813.7 crore recorded in the December 2023 quarter. At ₹187.1 crore, total expenses grew 7% year over year. The company also reported that its main AM business’s operational profit increased 51% year over year to ₹747.2 crore. In Q3 of FY24, the amount was ₹496.1 crore.
HDFC Asset Management Company
India’s biggest mutual fund, HDFC Mutual Fund, is managed by HDFC Asset Management. The business was listed on August 6, 2018. Mumbai serves as the home of HDFC AMC’s headquarters. HDFC Asset Management is promoted by Housing Development Finance Corporation Ltd., which owns 52.72% of the business, and Standard Life, which owns 21.24%.
The organization gives its customers options to generate wealth and income by offering a wide choice of products across many asset classes. The organization also offers segregated account services and portfolio management to high net worth individuals, domestic corporations, trusts, and domestic and international institutions.
