You are here: Home » Companies ┬╗ Results
DGCA fines Air India Rs 10 lakh for not reporting second peeing incident
icon-arrow-left
Business Standard

HDFC AMC's Q3 profit up 3% to Rs 369 cr, revenue rises 1.8% to Rs 560 cr

Profit for the nine months ended December 31, 2022 was flat at Rs 1,048 crore

Topics
HDFC AMC | Q3 results

BS Reporter  |  Mumbai 



December quarter results: Analysts expect tepid numbers
HDFC AMC's QAAUM stood at Rs 4.4 trillion for the period under review

HDFC Asset Management Company (AMC) reported a 2.7 per cent year-on-year (YoY) growth in profit at Rs 369.4 crore for the December quarter of FY 2023. Revenue from operations rose 1.8 per cent YoY to Rs 559.56 crore during the period.

In a press release, the company stated that its quarterly average assets under management (QAAUM) stood at Rs 4.4 trillion for the period under review. "As of December 31, 2022, 66 per cent of the company’s total monthly average AUM is contributed by individual investors compared to 58 per cent for the industry," the company said.

Profit for the nine months ended December 31, 2022 was flat at Rs 1,048 crore.

According to the company, it has 10.8 million active investment accounts and 6.3 million unique customers.


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, January 24 2023. 17:44 IST

RECOMMENDED FOR YOU

.