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HDFC Asset Management Company Q1 Results, Profit After Tax Reaches ₹603.98 Crores
HDFC Asset Management Company Q1 Results saw Total Income rise 11.5% QoQ to ₹948.34 Cr., Operating Profit at ₹595 Cr., and Profit After Tax up 11.6% to ₹603.98 Cr., with an Operating Margin of 74.66%.
by P Nandhini
Updated Sep 10, 2024
Table of Content
HDFC Asset Management Company Q1 Results 2024-2025: HDFC Asset Management Company announced its Q1 results on July 15, 2024, showing a significant increase in revenue compared to the previous quarter.
For the quarter ending June 30, 2024, HDFC AMC reported an 11.5% rise in revenue from operations, reaching ₹775.24 crores, up from ₹695.43 crores in Q4 2023-2024. The company's total income grew by 11.5% QoQ, reflecting a strong performance despite broader market conditions.
You’ll notice that the company's profit before tax also saw a notable improvement, increasing by 10.8% QoQ to ₹752.47 crores. This is up from ₹679.09 crores in the previous quarter.
Additionally, the earnings per equity share saw a rise of 11.7% QoQ, reaching ₹28.29 compared to ₹25.35 in Q4 2023-2024. These results highlight HDFC AMC's robust financial health and effective management strategies in the first quarter of the 2024-2025 financial year.
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HDFC Asset Management Company Q1 Results 2024 - 2025
Here's a summary of HDFC Asset Management Company's Q1 results for the financial year 2024-2025:
The company reported a solid performance for the quarter ending June 30, 2024, showcasing significant growth in revenue and profit. Below is a table summarizing the key financial metrics:
| Particulars | June 30, 2024 (₹ in Crores) | March 31, 2024 (₹ in Crores) | QoQ Change |
|---|---|---|---|
| Revenue from Operations | 775.24 | 695.43 | +11.5% |
| Other Income | 173.10 | 155.46 | +11.4% |
| Total Income | 948.34 | 850.89 | +11.5% |
| Finance Costs | 2.31 | 2.32 | -0.4% |
| Fees and Commission Expenses | 0.90 | 0.66 | +36.4% |
| Employee Benefit Expenses | 100.81 | 86.43 | +16.6% |
| Depreciation, Amortisation, and Impairment | 13.25 | 13.31 | -0.5% |
| Other Expenses | 78.60 | 69.08 | +13.8% |
| Total Expenses | 195.87 | 171.80 | +14.0% |
| Profit Before Tax | 752.47 | 679.09 | +10.8% |
| Tax Expense | 148.49 | 138.00 | +7.6% |
| Profit After Tax | 603.98 | 541.09 | +11.6% |
| Other Comprehensive Income | 0.49 | 0.93 | -47.4% |
| Total Comprehensive Income | 600.63 | 541.58 | +10.9% |
| Earnings per Share (Basic) | 28.29 | 25.35 | +11.7% |
| Earnings per Share (Diluted) | 28.19 | 25.26 | +11.6% |
Source: Click Here
HDFC Asset Management Company Current Market Overview
HDFC Asset Management Company is currently trading at ₹4,347 per share, with a market cap of ₹92,865 crores. The stock has fluctuated between a high of ₹4,546 and a low of ₹2,557 recently. It has a price-to-earnings ratio of 44.8, which indicates how much investors are willing to pay for each unit of earnings.
The company offers a dividend yield of 1.59%, providing some return to shareholders. HDFC AMC has strong financial performance, with a return on capital employed (ROCE) of 37.7% and a return on equity (ROE) of 29.5%, showing effective use of its capital and equity.
| Metric | Value |
|---|---|
| Current Price | ₹4,347 |
| Market Cap | ₹92,865 Cr. |
| High / Low | ₹4,546 / ₹2,557 |
| Stock P/E | 44.8 |
| Book Value | ₹332 |
| Dividend Yield | 1.59% |
| ROCE | 37.7% |
| ROE | 29.5% |
| Face Value | ₹5.00 |
Quarterly Results
Here is a summary of HDFC Asset Management Company's quarterly results for the periods ending December 2023, March 2024, and June 2024:
The company has shown strong financial performance in the last three quarters, with notable increases in sales, operating profit, and net profit. The following table outlines the key metrics for these quarters:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 671 | 695 | 775 |
| Expenses (₹ Cr.) | 160 | 156 | 180 |
| Operating Profit (₹ Cr.) | 511 | 539 | 595 |
| OPM (%) | 76% | 78% | 77% |
| Other Income (₹ Cr.) | 142 | 155 | 173 |
| Interest (₹ Cr.) | 2 | 2 | 2 |
| Depreciation (₹ Cr.) | 13 | 13 | 13 |
| Profit Before Tax (₹ Cr.) | 639 | 679 | 752 |
| Tax (%) | 23% | 20% | 20% |
| Net Profit (₹ Cr.) | 490 | 541 | 604 |
| EPS (₹) | 22.94 | 25.35 | 28.28 |
About HDFC Asset Management Company
HDFC Asset Management Company, established in 1999, is a leading provider of fund management services in India. The company manages a range of mutual funds and investment portfolios for individuals and institutions.
As the investment manager for HDFC Mutual Fund, HDFC AMC is responsible for creating and managing investment strategies to meet the financial goals of its clients. Headquartered in Mumbai, the company is known for its strong performance, innovative investment solutions, and commitment to delivering value to its investors.
HDFC AMC operates with a focus on transparency, customer satisfaction, and financial growth.
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HDFC Asset Management Company Q1 Results - FAQs
1. What is the recent revenue from operations for HDFC Asset Management Company?
The recent revenue from operations for HDFC Asset Management Company is ₹775.24 crores for Q1 2024-2025.
2. When did HDFC Asset Management Company announce its Q1 results?
HDFC Asset Management Company announced its Q1 results on July 15, 2024.
3. What was the QoQ change in total income for HDFC Asset Management Company?
The total income for HDFC Asset Management Company increased by 11.5% QoQ.
4. How much did HDFC Asset Management Company’s profit before tax increase by QoQ?
HDFC Asset Management Company’s profit before tax increased by 10.8% QoQ.
5. What was the profit after tax for HDFC Asset Management Company in Q1 2024-2025?
The profit after tax for HDFC Asset Management Company was ₹603.98 crores.
6. What is the operating margin for HDFC Asset Management Company?
The operating margin for HDFC Asset Management Company is 74.66%.
7. What was HDFC Asset Management Company’s other income for Q1 2024-2025?
The other income for HDFC Asset Management Company was ₹173.10 crores.
8. What were the total expenses for HDFC Asset Management Company in Q1 2024-2025?
The total expenses for HDFC Asset Management Company were ₹195.87 crores.
9. How did HDFC Asset Management Company’s other comprehensive income change QoQ?
HDFC Asset Management Company’s other comprehensive income decreased by 47.4% QoQ.