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Informist, Thursday, Apr. 16, 2026

 

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--HDFC AMC Jan-Mar net profit INR 6.23 bln 
--Analysts saw HDFC AMC Jan-Mar net profit at INR 6.40 bln 
--HDFC AMC Jan-Mar net profit INR 6.23 bln vs INR 6.39 bln year ago 
--HDFC AMC Jan-Mar revenue INR 10.50 bln vs INR 9.01 bln year ago 
--HDFC AMC to pay INR 54 per share final dividend 
--HDFC AMC FY26 net profit INR 28.59 bln vs INR 24.61 bln year ago 
--HDFC AMC FY26 revenue INR 41.19 bln vs INR 34.98 bln year ago 
 

 

By Suryash Kumar

 

MUMBAI – HDFC Asset Management Co. Ltd.'s net profit for the March quarter fell on year for the first time in 15 quarters owing to a sharp fall in other income and a rise in total expenses. The fall in other income, down 91% on year, was the steepest yet, data available with Informist showed. 

 

The company posted a net profit of INR 6.23 billion, down over 2% on year and over 19% on quarter. The net profit for the quarter under review was seen at INR 6.40 billion, according to the average of estimates from eight brokerages. HDFC Asset Management's revenue from operations rose to INR 10.50 billion, up nearly 17% on year. Its other income fell to INR 111.9 million, down nearly 93% on quarter. The company's total expenses rose to INR 2.28 billion, up more than 20% on year, eating into the bottom line.

 

In the December quarter, asset managers benefited from mark-to-market gains on their investment books. The March quarter saw a sharp correction in the equity market and rising bond yields. The impact on net profit due to the sharp fall in other income was, however, limited by active equity net inflows and sustained contributions from systematic investment plans.

 

The company's total expenses rose because of a sharp rise in employee benefit expenses, which were up 30% on year at INR 1.25 billion. The employee benefit expense accounts for nearly 55% of the company's total expenses.

The company also identified a deferred tax liability on fair value gains on its investments as of Jun. 30, 2024. The tax liability has increased by INR 697.5 million, resulting in an additional charge on the profit after tax.

 

For the financial year 2025-26 (Apr-Mar), HDFC Asset Management reported a net profit of INR 28.59 billion, up over 16% on year. Its revenue from operations was INR 41.19 billion, up nearly 18% on year.

 

HDFC Asset Management announced a final dividend of INR 54 per share. At 1516 IST, shares of the company were down slightly at INR 2,666.50 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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