HDFC Asset Management Company (AMC) on Friday reported a net profit increase to Rs 541.1 crore in the January-March quarter for financial year 2023-24 (Q4FY24), the company said in an exchange filing. This was a 44 per cent increase from Rs 376.1 crore reported during the same period last year (Q4FY23).
The company's revenue also increased 29 per cent to Rs 695.5 crore in the fourth quarter, compared to Rs 540.9 crore during the same period last year.
Sequentially, net profit went up 11 per cent from Rs 489.6 crore in the last quarter. Revenue increased four per cent from Rs 671.3 crore in Q3.
For the full financial year 2023-24, HDFC AMC reported a 37 per cent increase to Rs 1,945.8 crore compared to FY23. Operating revenue for the year was Rs 2,584.4 crore, up 19 per cent from last year.
Shares for HDFC AMC closed at Rs 3,708 on Friday ahead of its fourth quarter and annual financial results.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%