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This Article is From Jan 12, 2024

HDFC AMC Q3 Results Review - Equity Business Remains Strong For Now: Yes Securities

HDFC AMC Q3 Results Review - Equity Business Remains Strong For Now: Yes Securities
A person holding Indian two rupees banknotes for photograph (Source: Usha Kunji/NDTV Profit)

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 revenue from operations at Rs 6,713 million was up 4.4%/20% QoQ/YoY, compared with growth in quarterly average assets under management of 5.1%/24% QoQ/YoY.

Share of Equity in AUM (including Hybrid funds) at 60.6% was up 300 basis points QoQ and 680 bps YoY.

Share of B-30 in AUM at 18.8% was up 60 bps QoQ and 120 bps YoY.

Share of banks, mutual fund distributors, NDs and direct channel was 13.1%, 37.8%, 24.8% and 24.3%, respectively in equity QAAUM.

HDFC AMC's operating profit margin for the quarter, at 76.2%, was up 119 bps QoQ and 235 bps YoY.

Click on the attachment to read the full report: 

DISCLAIMER

This 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.

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