Business Standard

Sunday, December 22, 2024 | 11:54 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

HDFC AMC reports 9% decline in profit to Rs 314 cr in June quarter

HDFC Asset Management Company (AMC) on Friday reported a 9 per cent decline in profit after tax at Rs 314.2 crore in the three months ended June 2022.

HDFC AMC to broad-base its equity portfolio over next few quarters

Press Trust of India New Delhi

HDFC Asset Management Company (AMC) on Friday reported a 9 per cent decline in profit after tax at Rs 314.2 crore in the three months ended June 2022.

In comparison, the asset management firm had posted a Profit After Tax (PAT) of Rs 345.4 crore in the year-ago period, HDFC AMC said in a regulatory filing.

The company's revenue from operations rose 3 per cent to Rs 521.6 crore in the first quarter of FY23 from Rs 507.1 crore in the same quarter preceding fiscal.

Its Average Asset Under Management (AAUM) stood at Rs 4.15 lakh crore for the June quarter. The same was Rs 4.17 lakh crore for the corresponding period last year.

 

HDFC AMC, investment manager to HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income/others.

It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors and national distributors.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 22 2022 | 5:17 PM IST

Explore News