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HDFC AMC April-June net profit rises 25% to ₹205.2 cr

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Mumbai: HDFC AMC, which listed its shares earlier this month, saw its profit after tax (PAT) rise 25% to ₹205.2 crore for the quarter ended June 2018, as compared to ₹164.6 crore in the same time in previous year.

Total revenue for the quarter stood at ₹501.1 crore compared to ₹417 crore in June 2017, a rise of 20%. Operating profit margin, which is the operating profit as a basis point of average AUM, improved to 35 basis points as compared to 32 basis points in June 2017.

Total assets under management (AUM) rose 22% to ₹3.01 lakh crore from ₹2.48 lakh crore. With a 13.1% market share in total quarterly average AUM across mutual funds, the company continues to be the second-largest in terms of overall AUM.

The ratio of the more profitable equityoriented assets and non-equity oriented assets is 50:50 compared to the industry ratio of 42:58. SIPs which continue to be a strong pillar of growth for the industry, saw the company process 3.36 million systematic transactions with a value of ₹1,160 crore in June 2018. The fund house saw 62.4% of its total monthly average AUM coming from individuals, compared to 52% for the industry.




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Category: Stock Market


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