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Informist, Wednesday, Jul. 15, 2026

 

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--HDFC AMC Apr-Jun net profit INR 8.38 bln 
--Analysts saw HDFC AMC Apr-Jun net profit at INR 7.77 bln 
--HDFC AMC Apr-Jun revenue INR 10.99 bln 
--Analysts saw HDFC AMC Apr-Jun revenue at INR 10.89 bln 
--HDFC AMC Apr-Jun net profit INR 8.38 bln vs INR 7.48 bln year ago 
--HDFC AMC Apr-Jun revenue INR 10.99 bln vs INR 9.68 bln year ago 
--HDFC AMC Apr-Jun total expenses INR 2.71 bln vs INR 2.14 bln year ago 

 

By Meera Nair and Diksha Tripathy

 

MUMBAI – HDFC Asset Management Co. Ltd. reported a year-on-year increase in net profit for the June quarter owing to a steady rise in its revenue from operations, although a jump in expenses capped the profit growth. All said, HDFC AMC beat the Street estimates for both top line and bottom line.

 

The company's net profit rose 12% on year to INR 8.38 billion, higher than analysts' estimate of INR 7.77 billion. The net profit was up 35% on quarter as the asset management company's other income rose multifold over the trailing quarter. The other income was INR 2.63 billion, up 13% on year and over 23 times on quarter.

 

The company's revenue from operations was INR 10.99 billion, up nearly 14% on year and nearly 5% on quarter. Analysts had estimated the company's revenue from operations to be INR 10.89 billion. Its total expenses for the June quarter rose over 26% on year to INR 2.71 billion, weighing down the net profit.

 

In total expenditure, employee expenses were up over 31% on year to INR 1.43 billion. This included an on-cash charge of INR 227 million towards amortised cost of outstanding employee stock options and performance-linked stock units, the company said in its investor presentation. The employee benefit expenses for the June quarter were the highest in 18 quarters.  

 

Other expenses also witnessed a sharp rise of over 21% on year to INR 1.02 billion, mainly on account of an increase in corporate social responsibility-related expense, technology expenditure, and general business-related expense, the company said.

 

The Mumbai-based asset management company reported a rise of over 18% in depreciation and amortisation expense for the June quarter to INR 204 million. The finance costs were INR 37 million, up over 19% on year.  

 

The company's assets under management were at INR 9.32 trillion as on Jun. 30, up 9% on year. Assets under management from systematic investment plans went up to INR 2.33 trillion as on Jun. 30, from INR 2.01 trillion a year ago. The debt fund closing assets under management fell 10% on year to INR 1.61 trillion as on Jun. 30. The company's actively managed equity fund assets under management went up 12% on year to INR 5.93 trillion at the end of June. The liquid fund closing assets under management were up slightly on year at INR 730 billion. 

 

The company disclosed its earnings for the June quarter during market hours. Following the announcement, shares of HDFC AMC closed at INR 2,729.20 apiece on the National Stock Exchange, up nearly 3% from Tuesday.  End

 

Edited by Rajeev Pai

 

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