HDFC Asset Management Company (AMC) said on Tuesday that its net profit for the quarter that ended on December 31, 2024, increased 31% year over year (YoY) to ₹641 crore.
In comparison to the ₹671 crore the company reported for the same quarter of the previous fiscal year, the revenue from operations for Q3FY25 increased by 39% to ₹935 crore.
The company's overall income decreased by about 2% sequentially from ₹1,058 crore in the previous quarter to ₹1,028 crore in the December quarter, despite an increase in revenue from operations in Q3.
From ₹143 crore to ₹93 crore, other revenue decreased.
In the meantime, operating profit (EBITDA) increased from ₹509 crore to ₹763 crore, and the EBITDA margin improved significantly from 75.9 percent to 81.7%.
Shares of HDFC AMC stayed largely unchanged following the release of the financial results. Tuesday's closing price of ₹3,899 per share, following the earnings report, was 1.68 percent higher.
HDFC Asset Management Company (HDFC AMC) is the investment manager for HDFC Mutual Fund, one of the largest mutual funds in the country. The AMC's asset class mix is diverse, including equity, fixed income, and other investments. It also has a nationwide branch network and a diverse distribution network that includes banks, independent financial advisors, and national wholesalers.
