HDFC AMC Q1 Results Review: Yes Securities Maintains 'Add', Hikes Target Price — Here's Why

HDFC AMC has granted 1 million ESOP and 0.2 million PSUs in Jun-25 under a new scheme. ESOP and PSU expense for the new scheme is estimated to be Rs 2.05-2.10 billion over FY26-FY30 as against Rs 1.8 billion in the last five years. The estimated impact of ESOP cost will be 0.8 bps in FY26..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.HDFC Asset Management Company Ltd.'s overall calculated revenue yield has been broadly stable sequentially and YoY at 47 bps. The share of equity-oriented assets was 64.2% for Q1 FY26 as against 64.3% in Q1 FY25. Yield has been flattish YoY despite similar AUM mix and increased equity AUM due to distributor commission rationalization undertaken by the company last year..The other operating expense for the quarter was Rs 839 million, up 15.5% QoQ and 6.7% YoY. The sequential increase in other operating expense was due to the timing of CSR expenditure. The employee cost was up 8% YoY. The company has granted 1 million ESOP and 0.2 million PSUs in Jun-25 under a new scheme. ESOP and PSU expense for the new scheme is estimated to be Rs 2.05-2.10 billion over FY26-FY30 as against Rs 1.8 billion in the last five years. The estimated impact of ESOP cost will be 0.8 bps in FY26. .We maintain ‘Add’ rating on HDFC AMC with a revised price target of Rs 6200..Click on the attachment to read the full report:.Axis Bank, Wipro, LTIMindtree, Angel One, Indian Hotels, Clean Science Q1 Results Review — HDFC Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC AMC Q1 Results Review: Yes Securities Maintains 'Add', Hikes Target Price — Here's Why

HDFC AMC's revenue yield remains stable despite increase in assets under management, adds the brokerage.

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