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.