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Major asset management companies report muted results in second quarter

Revenue from operations remains flat for HDFC AMC and Nippon Life AMC in the previous quarter

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The net profit surged 6 per cent for HDFC AMC to Rs 364 crore in the previous quarter compared to Rs 344 crore during the same period of the last financial year.

BS Reporter Mumbai

2 min read Last Updated : Oct 19 2022 | 10:31 PM IST

Two of the top asset management companies in India HDFC AMC and Nippon Life AMC have reported muted results for the second quarter (Q2) of financial year 2023. The revenues from operations has remained flat for HDFC AMC at Rs 544 crore and has increased 1 per cent for Nippon Life AMC to Rs 332 crore.

The net profit surged 6 per cent for HDFC AMC to Rs 364 crore in the previous quarter compared to Rs 344 crore during the same period of the last financial year. Nippon Life AMC’s net profit declined 4 per cent to Rs 206

Topics : asset management companies Q2 results HDFC AMC

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