HDFC AMC Q2 Results: Net profit rises 20% YoY to Rs 437 cr; revenue up 18%

HDFC AMC on Thursday reported 20% growth in consolidated net profit at Rs 436 crore for the quarter ended September 2023. It was Rs 364 crore in the year-ago period.

Revenue from operations in the second quarter jumped 18% year-on-year to Rs 643 crore as against Rs 545 crore in the same quarter, last year.

The operating profit for the quarter under review was Rs 467 crore, up 20% as compared to Rs 389 crore in the corresponding quarter of last year.


Total assets under management stood at Rs 5.24 lakh crore. Of this, actively managed equity-oriented funds stood at Rs 2.86 lakh crore.

The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country.

The ratio of equity oriented AUM to non-equity oriented AUM is 58:42, compared to the industry ratio of 51:49 for the quarter ended September 30.
About 5.86 million systematic transactions were recorded during the quarter, with a value of Rs 2,240 crore processed during September.

Over 80,000 empaneled distribution partners across MFDs, national distributors and banks, serviced through a total of 229 branches of which 151 are in B-30 locations. The contribution of B-30 locations to the company's total monthly average AUM is 18.2%.

About 67.5% of the company’s total monthly average AUM for August is contributed by individual investors as compared to 57.8% for the industry.

Total live accounts stood at 13.6 million as on September 30. Unique customers as identified by PAN or PEKRN now stand at 7.9 million, compared to 40.4 million for the industry, a share of 19.6%.

On Thursday, the company's shares are trading 0.39% lower at Rs 2,758 on NSE.