Rise in share of equity funds boosts HDFC AMC's Q1; profits up 25%

While total AUM growth outpaced industry's growth, net profit up by 25 per cent

After strong listing gains on August 6, the HDFC AMC stock corrected by three per cent to Rs 1,760.65 on Tuesday. 

However, analysts believe that given the potential for growth, the stock could see some upside from these levels. In its June quarter results, the first after listing, the company clocked 25 per cent year-on-year growth in net profit to Rs 2.1 billion, driven by expansion of its equity assets under management (AUM).

Actively management assets rose 33 per cent year-on-year to Rs 1.5 trillion and equity AUM’s share expanded by 400 basis points to 50.2 per cent (110 basis