HDFC AMC reported a 31% year-on-year (Y-o-Y) growth in net profit to Rs 642 crore for the December quarter (Q3), an 11% rise compared to the September quarter
Shares of HDFC AMC surged 6% to Rs 4,112.90 after the company' profit after tax grew 30.8% annually to Rs 641.8 crore, despite other income declining 34.5% YoY in Q3FY25
The HDFC AMC share gained 1.68 per cent on the NSE on Tuesday, closing at Rs 3,899
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
Q3FY25 company results today: Shopper Stop, SRM Energy, and Shree Pushkar Chemicals & Fertilisers will also be releasing their earnings report on January 14 for the quarter that ended on Dec 31
Technical charts show that these four stocks have given a breakout on the daily scale on closing above the super trend line indicator.
Derivatives market update Oct 17: FIIs long-short ratio in index futures dropped to 0.5 its lowest point since June 07. Among stocks, ICICI General Insurance and CoForge saw short build-up yesterday.
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.
At 09:29 am; with Rs 1.02 trillion market cap, HDFC AMC was trading 4.9 per cent higher at Rs 4,772.50, as compared to 0.18 per cent decline in the BSE Sensex.
HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC's profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24). Its total income rose 38 per cent to 1,058.19 crore in the July-September quarter from Rs 765.35 crore in the year-ago period, HDFC AMC said in a stock exchange filing. For the half-year ended September 2024, the company logged a PAT of Rs 1,180.37 crore and a total income of Rs 2,007 crore. Shares of HDFC AMC were trading 1.11 per cent higher at Rs 4533 on the BSE around 3 pm.
At 12:04 PM, HDFC AMC shares were trading 1.8 per cent higher at Rs 4,562. HDFC AMC market cap (m-cap) stood at Rs 97,452 crore