HDFC AMC Q2 Results Total Income Rises to ₹1,058.19 Crore

HDFC AMC Q2 results: HDFC Asset Management Company (AMC) recently shared its financial results for the second quarter of 2024, showing strong growth in various areas. The company reported a net profit of ₹577 crore, which is a 32% increase compared to ₹436.52 crore from the same quarter last year. This growth in profit indicates that HDFC AMC is doing well in managing its investments and expenses effectively.

HDFC AMC’s Total income also rose significantly by 38%, reaching ₹1,058.19 crore, up from ₹765.35 crore in Q2 of the previous year. This increase shows that the company is earning more from its operations, likely due to higher investments and customer interest in its services.

Moreover, the Assets Under Management (AUM) increased by 7.5%, totaling ₹7.58 lakh crore, which means more people are investing with HDFC AMC. The company's share in the equity market stayed the same at 12.9%, while its share in the debt market improved slightly to 13.5%. Additionally, the liquid market share rose from 12% to 12.1%. Overall, these results demonstrate that HDFC AMC is performing well, attracting more customers, and managing its funds effectively in the competitive investment market.

Here’s a summary of the HDFC Asset Management Company's (AMC) Q2 2024 results, presented in a simple table format:

Source: Here 

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HDFC AMC Q2 results

HDFC Asset Management Company table shows the unaudited standalone financial results for the quarter and half-year ended September 30, 2024. The results highlight the company’s performance in terms of income, expenses, profit, and other financial metrics.

In the Income section, HDFC AMC generated ₹1,057.82 Crore in total income for the quarter, which includes ₹887.21 Crore from operations and ₹170.61 Crore from other sources. This shows an increase compared to previous quarters. The Expenses section details the company's costs, totaling ₹199.14 Crore for the quarter. The major expenses include employee benefits and other operational costs.

HDFC Asset Management Company After deducting expenses from income, the Profit Before Tax was ₹858.68 Crore, indicating strong profitability. The company also recorded a Total Tax Expense of ₹281.80 Crore, leading to a Profit After Tax of ₹576.88 Crore. The Other Comprehensive Income shows minor adjustments, resulting in a Total Comprehensive Income of ₹577.12 Crore for the quarter.

Here’s a simplified presentation of the unaudited standalone financial results for the quarter and half year ended September 30, 2024:

HDFC AMC Stock Performance

HDFC Asset Management Company (HDFC AMC) is a financial company in India that focuses on managing investments for individuals and institutions. The company has a market capitalization of ₹1,03,049 crore, which means it is valued highly in the stock market. The current price of its shares is ₹4,824, with a high of ₹4,844 and a low of ₹2,691 over a certain period. HDFC AMC has a price-to-earnings (P/E) ratio of 46.6, indicating investors are willing to pay this amount for every rupee of earnings. Its book value per share is ₹318, and it offers a dividend yield of 1.48%, showing it returns some profits to shareholders.

Here’s the financial information you provided in a clear and organized table format:

Quarterly Results 

The table shows the quarterly financial results for HDFC Asset Management Company (AMC) for March, June, and September 2024. In March 2024, HDFC AMC had sales of Rs. 695 crores and a net profit of Rs. 541 crores, with an earnings per share (EPS) of Rs. 25.35. By June 2024, sales increased to Rs. 775 crores, and net profit rose to Rs. 604 crores, resulting in a higher EPS of Rs. 28.28. In September 2024, sales continued to grow, reaching Rs. 887 crores, but net profit slightly decreased to Rs. 577 crores, leading to an EPS of Rs. 27.01. 

Here’s the table for the quarterly financial results for March 2024, June 2024, and September 2024:

(Standalone Figures in Rs. Crores)

About HDFC AMC 

HDFC Asset Management Company (HDFC AMC) is one of India’s largest mutual fund companies. It was established in 2000 and is part of HDFC Group, which is known for its strong reputation in finance. HDFC AMC aims to help people grow their money through various investment options, such as mutual funds. The company is focused on discipline, good governance, and caring for its investors and stakeholders. Over the years, it has built trust and recognition in the industry, making it a preferred choice for many investors looking to create wealth for themselves and their families.