HDFC AMC Q4 earnings: Profit rises 44%, dividedn at Rs 70 per share

HDFC Asset Management Company (AMC) reported a 43.8% rise in net profit for the March 2024 quarter. Profit rose to Rs 541 cr in the last quarter against Rs 376.2 cr in  the March 2023 quarter. Revenue climbed 28.5% to Rs 695.4 cr in Q4 of the last fiscal compared to Rs 541 cr (YoY). The board of the AMC recommended a dividend of Rs 70 per share. Total income of HDFC AMC rose 33% to Rs 851 crore in the fourth quarter against Rs 638 crore in the March 2023 quarter. 

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