HDFC AMC Profit Surges 31% to Rs 641 cr in Q3
HDFC Asset Management Company's profit after tax rose by 31% to Rs 641.5 crore in the December 2024 quarter, driven by strong revenue growth. The company's assets under management reached Rs 7.87 lakh crore.
New Delhi, Jan 14 (PTI) HDFC Asset Management Company on Tuesday reported a 31 per cent jump in profit after tax (PAT) to Rs 641.5 crore in three months ended December 2024.
This was in comparison to Rs 489.6 crore in the year-ago period, HDFC AMC said in a stock exchange filing.
The company's revenue from operations rose 39 per cent to Rs 934.3 crore in the quarter under review from Rs 671.3 crore in the third quarter December 31, 2023.
Founded in 1999, HDFC AMC has an asset base of Rs 7.87 lakh crore as on December 31, 2024.
Shares of the asset management company settled 0.72 per cent higher at Rs 3,863.70 on the BSE.
This was in comparison to Rs 489.6 crore in the year-ago period, HDFC AMC said in a stock exchange filing.
The company's revenue from operations rose 39 per cent to Rs 934.3 crore in the quarter under review from Rs 671.3 crore in the third quarter December 31, 2023.
Founded in 1999, HDFC AMC has an asset base of Rs 7.87 lakh crore as on December 31, 2024.
Shares of the asset management company settled 0.72 per cent higher at Rs 3,863.70 on the BSE.
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