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Informist, Thursday, Apr. 17, 2025

 

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--HDFC AMC Jan-Mar net profit INR 6.39 bln 
--Analysts saw HDFC AMC Jan-Mar net profit INR 5.94 bln 
--HDFC AMC Jan-Mar net profit INR 6.39 bln vs INR 5.41 bln year ago 
--HDFC AMC Jan-Mar revenue INR 9.01 bln vs INR 6.95 bln year ago 
--HDFC AMC FY25 net profit INR 24.61 bln vs INR 19.46 bln yr ago 
--HDFC AMC FY25 revenue INR 34.98 bln vs INR 25.84 bln year ago 
--HDFC AMC Jan-Mar total expenses INR 1.90 bln vs INR 1.72 bln year ago 
--HDFC AMC to pay INR 90 per share final dividend 
--HDFC AMC Jan-Mar operating margin 37 bps of average AUM 
--HDFC AMC FY25 operating margin 36 bps of average AUM 
--HDFC AMC: AUM INR 7.55 tln as on Mar 31, up 24% on year 
--HDFC AMC: Market share 11.5% as on Mar 31 vs 11.4% year ago 
--HDFC AMC: SIP AUM at INR 1.76 tln as on Mar 31 vs 1.78 tln on Dec 31 
 

 

By Sachi Pandey 

 

MUMBAI – HDFC Asset Management Co. Ltd. on Thursday reported an 18% year-on-year increase in net profit for the quarter ended March on robust growth in revenue and assets under management, helping it comfortably beat analysts' expectations. On a sequential basis, all the three aforementioned metrics declined on account of a correction in the markets.

 

The fund house's net profit for Jan-Mar was INR 6.39 billion, higher than the Street's estimate of INR 5.94 billion, as revenue from operations rose 30% to INR 9.01 billion. As at the end of March, HDFC AMC's assets under management stood at INR 7.55 trillion. Though the assets were up 24% on year, they were down 3% compared to Dec. 31. Similarly, the fall in stock markets in Jan-Mar due to the uncertainty caused by the US' restrictive trade policies meant the net profit was down 0.4% from Oct-Dec, while revenue was 3.5% lower.

 

Shares of HDFC AMC ended 2.1% higher at INR 4,218 on the National Stock Exchange. The board of the asset manager proposed a final dividend of INR 90 per equity share for 2024-25 (Apr-Mar), subject to shareholder approval.

 

For FY25 as a whole, HDFC AMC's net profit stood at INR 24.61 billion, up 26% from the previous year. Revenue from operations rose 35% to INR 34.98 billion. Total expenses for the year were up 13% at INR 7.72 billion and 10% higher in Jan-Mar at INR 1.90 billion. The operating margin in FY25 was 36 basis points of average assets under management. For the quarter ended March, the margin was 37 bps, unchanged from Oct-Dec.

 

As on Mar. 31, HDFC AMC's equity assets under management stood at INR 4.70 trillion, up 25% year-on-year, accounting for 13% of the total AUM. Debt scheme assets, meanwhile, grew 16% to INR 1.56 trillion, while liquid assets were up 10% at INR 596.00 billion. The company accounted for 11.5% of the market for the quarter ended March, up from 11.4% a year ago, on a closing AUM basis.

 

Systematic investment plan assets stood at INR 1.76 trillion as at the end of March. The company's total live accounts stood at 23.3 million as on Mar. 31, with unique customers at 13.2 million. Individual investors accounted for 70% of HDFC AMC's average monthly AUM, well above 60% for the industry.  End

 

Edited by Ashish Shirke

 

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