HDFC Asset Management Company’s (AMC’s) standalone net profit rose by 18 percent year-on-year (YoY) to Rs 638 crore in the fourth quarter of FY25, as compared to Rs 541 crore in the same quarter of the previous financial year.
The company’s revenue also saw a strong increase, rising 30 percent YoY to Rs 901 crore in Q4FY25, up from Rs 695 crore in Q4FY24. However, the company’s other income declined by 21 percent YoY to Rs 123 crore in Q3FY25.
In addition to this, the company’s total expenses increased by 11 percent YoY to Rs 189.6 crore in the quarter ended March, compared to Rs 171 crore in the corresponding quarter last year.
For the financial year ended March 31, 2025, the company declared and paid an interim dividend of Rs 70 per equity share (having a face value of Rs 5 each) for the year ended March 31, 2024, as approved by the Board of Directors.
HDFC AMC is engaged in the business of providing asset management services to HDFC Mutual Fund, as well as alternative investment funds. It also offers portfolio management and advisory services to clients.
The stock reacted positively following its Q4 results, rising 3 percent to Rs 4,250 per share on April 17.
Meanwhile, shares of HDFC AMC declined by over 4 percent during the January to March period, underperforming the benchmark Nifty 50 index, which fell by 2 percent during the same timeframe.
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