HDFC AMC Q3 results: Net profit rises 31% to Rs 641 cr, revenue up 39%

HDFC AMC Q3 FY25 results: The company had declared and paid an interim dividend of Rs 70 per equity share at the end of FY24

HDFC Asset Management Company (AMC) on Tuesday reported a 31 per cent year-on-year rise in profit at Rs 641 crore for the quarter that ended on December 31, 2024. The company's revenue from operations also saw a 39.2 per cent year-on-year (Y-o-Y) surge in the third quarter (Q3) of finacial year 2024-25 (FY25) at Rs 671.32 crore. 

While expenses grew by nearly 6 per cent year-on-year, from Rs 177 crore in Q3 FY24 to Rs 188 crore in Q3 FY25, they were 6 per cent lower than the Rs 199.78 crore recorded in Q2 FY25. The company also saw a significant reduction in tax expenses, which fell by around 30 per cent to Rs 198.5 crore in Q3 FY25 from Rs 281.8 crore in Q2 FY25.

 

HDFC AMC's total assets, including financial and non-financial, stood at Rs 8,035.7 crore as of December 2024, up from Rs 7,557.6 crore at the end of March 2024.

 

The operating profit or Ebitda rose to Rs 763 crore from Rs 509 crore Y-o-Y, and the Ebitda margin improved to 81.7 per cent from 75.9 per cent.

 

The company had declared and paid an interim dividend of Rs 70 per equity share (face value of Rs 5 each) for the year ended March 31, 2024 as approved by its Board of Directors. 

In a separate announcement, the company’s board approved the grant of 7,500 stock options to eligible employees at a grant price of Rs 3,834.55 per option. This decision was made following the board meeting held on January 14, 2025.

 

Share of HDFC AMC on Tuesday closed at Rs 3,907.10 on the BSE, up nearly 2 per cent from yesterday, following the company results.