HDFC Asset Management Company standalone net profit declines 9.54% in the March 2020 quarter

Sales decline 2.13% to Rs 476.13 crore

Net profit of HDFC Asset Management Company declined 9.54% to Rs 249.83 crore in the quarter ended March 2020 as against Rs 276.17 crore during the previous quarter ended March 2019. Sales declined 2.13% to Rs 476.13 crore in the quarter ended March 2020 as against Rs 486.50 crore during the previous quarter ended March 2019.

For the full year,net profit rose 35.66% to Rs 1262.41 crore in the year ended March 2020 as against Rs 930.60 crore during the previous year ended March 2019. Sales rose 4.60% to Rs 2003.25 crore in the year ended March 2020 as against Rs 1915.18 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales476.13486.50 -2 2003.251915.18 5 OPM %78.0673.35 -78.4862.97 - PBDT342.96418.02 -18 1703.421387.55 23 PBT329.57414.55 -20 1653.051374.70 20 NP249.83276.17 -10 1262.41930.60 36

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