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Last Updated : Apr 17, 2018 06:49 PM IST | Source: PTI

HDFC AMC net profit jumps 31% to Rs 722.61-cr in FY18

The company's total revenue surged 17.6 percent year-on-yeart to Rs 1,867.24 crore in 2017-18 financial year.

Leading mutual fund house HDFC Asset Management Company (AMC) today reported a 31 percent jump in net profit at Rs 722.61 crore in 2017-18 compared to Rs 550.24 crore in the previous financial year.

The company's total revenue surged 17.6 percent year-on-yeart to Rs 1,867.24 crore in 2017-18 financial year.

Currently, HDFC AMC manages assets base to the tune of over Rs 3 lakh crore.

HDFC AMC is a joint venture between HDFC and Standard Life Investments.

Last month, HDFC AMC had filed draft papers with markets regulator Sebi to float an initial public offering (IPO).

Going by the draft papers, the fund house will offer up to 2.54 crore equity shares of through an offer for sale of 85.92 lakh shares by Housing Development Finance Corp Ltd (HDFC) and up to 1.68 crore shares by Standard Life Investments Ltd.
First Published on Apr 17, 2018 06:43 pm
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