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Informist, Thursday, Jul. 17, 2025

 

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--HDFC AMC Apr-Jun net profit INR 7.48 bln 
--Analysts saw HDFC AMC Apr-Jun net profit at INR 7.01 bln 
--HDFC AMC Apr-Jun net profit INR 7.48 bln vs INR 6.04 bln year ago 
--HDFC AMC Apr-Jun revenue INR 9.68 bln vs INR 7.75 bln year ago
--HDFC AMC Apr-Jun total expenses INR 2.14 bln vs INR 1.96 bln year ago  
--HDFC AMC: AUM INR 8.57 tln as on Jun 30, up 21% on year 
--HDFC AMC: Market share 11.5% as on Jun 30, unch from year ago
--HDFC AMC: SIP AUM at INR 15.3 tln as on Jun 30 
--HDFC AMC: Equity closing AUM INR 5.28 tln as on Jun 30, up 19% YoY 
--HDFC AMC: Debt closing AUM INR 1.79 tln as on Jun 30, up 22% on year
--HDFC AMC: Liquid closing AUM INR 718 bln as on Jun 30, up 17% YoY

 

By Siddhi Chauhan

 

MUMBAI – HDFC Asset Management Co. Ltd. reported a jump of nearly 24% in net profit for the June quarter to INR 7.48 billion, beating analysts' estimates. Analysts tracking the fund house had expected it to report a net profit of INR 7.01 billion. The rise in net profit was led by a sharp increase in the fund house's other income and net revenue from operations.

 

Sequentially, HDFC Asset Management Co.'s net profit rose 17.1% as the other income almost doubled. Year-on-year, other income for the June quarter rose 34.4% to INR 2.33 billion, while revenue from operations rose nearly 25% to INR 9.68 billion. Sequentially, the revenue from operations rose 7.4%. The total income for the reporting quarter rose 26.6% on year to INR 12.00 billion.

 

The rise in net profit was capped by a 9.5% on-year rise in total expenses driven by fees and commission expenses. The company's total expenses for the quarter rose nearly 10% on year to INR 2.14 billion. The increase in total expenses was sharper at 13% when seen sequentially. Fees and commission expenses were at INR 12.70 million, up 41.1% on year and 25.7% on quarter.

 

A robust 21% on-year growth in the fund house's assets under management also boosted its net profit. In the June quarter, HDFC Asset Management Co.'s assets under management stood at INR 8.57 trillion. The operating margin for the first quarter of the financial year 2025-26 (Apr-Mar) was 36 basis points of average assets under management.

 

As of Jun. 30, the fund house's equity assets under management stood at INR 5.28 trillion, up 19% on year, and debt scheme assets rose to INR 1.79 trillion, up 22% on year. The company's liquid assets were also up 17% at INR 718.00 billion as of Jun. 30. The company accounted for 11.5% of the market for the quarter ended June, unchanged from the March quarter on a closing assets under management basis.

 

Systematic investment plan assets stood at INR 15.30 trillion as of the end of June. Individual investors accounted for 70% of the company's average monthly assets under management, higher than the figure of 60% for the industry. As on Jun. 30, the fund house's total live accounts stood at 24.3 million. The number of unique customers as on Jun. 30 was 13.7 million. The corresponding number for the entire mutual fund industry was 55.3 million, a penetration of 25%.

 

The company announced its June quarter earnings during market hours, following which shares of HDFC Asset Management Co. ended 2.9% higher at INR 5,510.00 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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