 "HDFC Asset Management Q2 profit after tax falls 8% to Rs 338 crore")
HDFC Asset Management Company (AMC) on Thursday reported a 8 per cent decline in profit after tax (PAT) at Rs 338.06 crore for the three months ended September 30.
The company had posted a PAT of Rs 368.24 crore in the year-ago period, HDFC AMC said in a regulatory filing to the stock exchanges.
Total income rose to Rs 569.95 crore in the quarter under review from Rs 549.07 crore in the corresponding quarter a year ago.
The company's average asset under management (AAUM) stood at Rs 3.75 lakh crore as of September 30, 2020 as against Rs 3.76 lakh crore on September 30, 2019.
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