HDFC AMC April-June net profit rises 25% to ₹205.2 cr

Mumbai: HDFC AMC, which listed its shares earlier this month, saw its profit after tax (PAT) rise 25% to ₹205.2 crore for the quarter ended June 2018, as compared to ₹164.6 crore in the same time in previous year. Total revenue for the quarter stood at ₹501.1 crore compared to ₹417 crore in June 2017, a rise of 20%.

Operating profit margin, which is the operating profit as a basis point of average AUM, improved to 35 basis points as compared to 32 basis points in June 2017. Total assets under management (AUM) rose 22% to ₹3.01 lakh crore from ₹2.48 lakh crore.

With a 13.1% market share in total quarterly average AUM across mutual funds, the company continues to be the second-largest in terms of overall AUM. The ratio of the more profitable equityoriented assets and non-equity oriented assets is 50:50 compared to the industry ratio of 42:58.


SIPs which continue to be a strong pillar of growth for the industry, saw the company process 3.36 million systematic transactions with a value of ₹1,160 crore in June 2018.

The fund house saw 62.4% of its total monthly average AUM coming from individuals, compared to 52% for the industry.