Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

HDFC AMC Q3 profit grows 2.7% to Rs 369 crore as other income rises

HDFC AMC has paid tax expenses of Rs 131.32 crore for the quarter ended December FY23, up from Rs 125.40 crore paid in similar quarter last year.

January 24, 2023 / 06:17 PM IST
Other income for the quarter at Rs 103.37 crore increased by 20 percent over corresponding period in previous financial year.

Other income for the quarter at Rs 103.37 crore increased by 20 percent over corresponding period in previous financial year.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

HDFC Asset Management Company reported standalone profit at Rs 369.4 crore for the October-December period of FY23, registering 2.7 percent growth over a year-ago quarter, largely driven by increase in other income.

The standalone profit for quarter ended December FY22 was at Rs 359.75 crore.

Revenue from operations on a standalone basis in Q3FY23 stood at Rs 559.56 crore for the quarter gone by, growing 1.8 percent compared to similar period last fiscal, the company said in its filing to exchanges on January 24.

Operating profit was steady year-on-year at Rs 397.4 crore.  Other income for the quarter at Rs 103.37 crore increased by 20 percent over corresponding period in previous financial year.