The consumption demand continues to be muted while investment demand remains robust as seen in strong order inflows of capital goods companies and volume growth of cement companies, , Q1FY24 Results, Rich Valuations, investment environment, report, investment
HDFC AMC s Q1 FY24 financial performance was strong, with increased revenue, well-managed expenses, and a significant increase in profit after tax. The company s core AM business also performed well, with operating profit increasing by 11%.
The payment firm’s loan distribution continues to grow at a rapid pace, helping the company narrow its losses. The company also saw the merchant subscription of its devices grow to 79 lakh in the Q1FY24 from 68 lakh in the Q4FY23