HDFC AMC on Thursday reported a consolidated net profit of Rs 639 crore in the fourth quarter, which was up 18% from Rs 541 crore in the same quarter of last year.
The company's board has also recommended a final dividend of Rs 90 per equity share for the financial year ended March 2025. The final dividend, if approved by the shareholders, will be dispatched after the annual general meeting (AGM).
Revenue from operations in the reporting quarter increased 30% year-on-year (YoY) to Rs 901 crore, compared with Rs 695 crore in the same quarter of last year.
On a sequential basis, profit declined marginally from Rs 642 crore clocked in the preceding December quarter. Meanwhile, revenues dropped 4% quarter-on-quarter.
Other income in the January-March 2024 period fell to Rs 124 crore as against Rs 155 crore in the corresponding period of previous fiscal.
The quarterly AUM (assets under management) during the fourth quarter rose 13% YoY to Rs 7.35 lakh crore.
The company's board has also approved the adoption of employees stock options and performance-linked stock units scheme in line with Sebi rules. This is subject to approval of the shareholders of the company.
HDFC AMC is a premier Indian mutual fund manager and operates HDFC Mutual Fund, offering diverse investment products. It manages 130 schemes. The asset manager focuses on wealth creation through disciplined investment strategies, robust risk management, and extensive distribution networks.
On Thursday, HDFC AMC shares closed 1.7% higher to Rs 4,200 crore.
The company's board has also recommended a final dividend of Rs 90 per equity share for the financial year ended March 2025. The final dividend, if approved by the shareholders, will be dispatched after the annual general meeting (AGM).
Revenue from operations in the reporting quarter increased 30% year-on-year (YoY) to Rs 901 crore, compared with Rs 695 crore in the same quarter of last year.
On a sequential basis, profit declined marginally from Rs 642 crore clocked in the preceding December quarter. Meanwhile, revenues dropped 4% quarter-on-quarter.
Other income in the January-March 2024 period fell to Rs 124 crore as against Rs 155 crore in the corresponding period of previous fiscal.
The quarterly AUM (assets under management) during the fourth quarter rose 13% YoY to Rs 7.35 lakh crore.
The company's board has also approved the adoption of employees stock options and performance-linked stock units scheme in line with Sebi rules. This is subject to approval of the shareholders of the company.
HDFC AMC is a premier Indian mutual fund manager and operates HDFC Mutual Fund, offering diverse investment products. It manages 130 schemes. The asset manager focuses on wealth creation through disciplined investment strategies, robust risk management, and extensive distribution networks.
On Thursday, HDFC AMC shares closed 1.7% higher to Rs 4,200 crore.
You may also like
Kalki Koechlin learned 'patience' from her daughter Sappho
Astrology Tips: If you want happiness, prosperity and wealth in life, then feed these things to a black cow, your luck will shine..
Turn ₹6,000 Monthly into ₹20 Lakh: The Smart Power of PPF Savings
China says it's ready to open market to import more Indian goods, urges 'non-discriminatory' stance for its firms
Deoband-Roorkee rail line approved, cuts Delhi-Dehradun distance by 40 km
