HDFC AMC Q3 Results: Net Profit Surges 31% YoY

Mumbai, January 14, 2025 – The HDFC Asset Management Company Limited (HDFC AMC) has announced its financial results for the third quarter and nine months ending December 31, 2024. The company saw a 31% year-on-year (YoY) surge in net profit, which rose to ₹641.5 crore, while its total income grew by 21% YoY, reaching ₹2,653.9 crore.

Key Highlights:

Revenue Growth

HDFC AMC reported total operating revenue of ₹934 crore for the quarter, marking a 39% increase compared to ₹671 crore in the same quarter of the previous fiscal year.

Asset Under Management (AUM) Growth

The company recorded steady growth in its AUM, bolstered by increased fund mobilization across various sectors, including equities, fixed income securities, and related products.

Expense Management

HDFC AMC’s effective expense management strategies have played a significant role in enhancing profitability, ensuring that operating costs remained controlled.

Market Reaction

Following the announcement of these impressive Q3 results, HDFC AMC’s shares rose by 1.70% on the National Stock Exchange (NSE), reflecting strong market confidence in the company’s performance.

Disclaimer: This information is provided for educational and informational purposes only and should not be considered as financial advice.