HDFC AMC Q3 Results: The consolidated revenue from operations stood at Rs 671 crore, up 20% from Rs 560 crore reported in the year-ago period. On a sequential basis, the profit after tax was nearly 12% higher compared to Rs 436 crore in Q2FY24.
Shares of HDFC AMC have gained more than 82 per cent from its 52-week low hit on March 20, 2023. The stock has rallied about 35 per cent in the year 2023 so far.
Analysts at HSBC noted that HDFC AMC has managed to increase its market share in AUM by 10 basis points quarter-on-quarter. However, there are concerns regarding the pressure from income yields
HDFC Asset Management Company reported a 52% increase in profit after tax at ₹477.5 crore for Q1 2023, with revenue from operations rising 10% to ₹574.5 crore.