HDFC AMC Quarterly Profit Rises 20% To Rs 437.6 Crore

HDFC Asset Management Co. on Thursday reported a 20% jump in profit after tax to Rs 437.6 crore for the quarter ended September.

In comparison, the fund house posted a Profit After Tax (PAT) of Rs 364.1 crore in the same quarter last year, HDFC AMC said in a regulatory filing.

Revenue from operations rose 18% to Rs 643.1 crore in the quarter under review from Rs 544.7 crore in the three months ended Sept. 30, 2022.

The company's average assets under management grew to Rs 5.24 lakh crore in the latest September quarter from Rs 4.3 lakh crore in the year-ago period, with a market share of 11.2%.

The company has 79 lakh individual mutual fund customers, with 136 lakh live accounts.

Shares of HDFC AMC marginally declined to close at Rs 2,743 apiece on the BSE.