HDFC AMC Q3 results: Net profit rises 31% YoY to ₹641 crore, revenue up 39% | Stock Market News

HDFC Asset Management Company (AMC), on Tuesday, reported a 31 per cent year-on-year (YoY) rise in its net profit to ₹641 crore for the quarter ending on December 31, 2024.

Revenue from operations for Q3FY25 reached to ₹935 crore, reflecting a 39 per cent increase compared to ₹671 crore reported by the company during the same quarter of the previous financial year.

Although revenue from operations increased in Q3, the company’s total income declined by approximately 2 per cent sequentially, down from ₹1,058 crore in the previous quarter to ₹1,028 crore in December quarter.

Other income declined, dropping to ₹93 crore from ₹143 crore.

Meanwhile, operating profit (EBITDA) rose to ₹763 crore from ₹509 crore, with the EBITDA margin showing a notable improvement to 81.7 per cent from 75.9 per cent.

Other key financials

HDFC AMC‘s expenses increased by nearly 6 per cent, rising from ₹177 crore in Q3 FY24 to ₹188 crore in Q3 FY25. However, this was a 6 per cent decline compared to ₹199.78 crore reported in the previous quarter (Q2). The company also recorded a significant reduction in tax expenses, which dropped by approximately 30 per cent from ₹281.8 crore in Q2 to ₹198.5 crore in Q3.

HDFC AMC reported its total assets, encompassing both financial and non-financial, at ₹8,035.7 crore as of December 2024, up from ₹7,557.6 crore at the end of March 31, 2024.

After the financial results were announced, HDFC AMC shares remained mostly unchanged. The stock closed 1.68 per cent higher at ₹3,899 per share on Tuesday post earning announcement.

HDFC Asset Management Company (HDFC AMC), a prominent mutual fund provider in India and a subsidiary of the HDFC Group, was founded in 1999. It offers a diverse array of investment solutions, including mutual funds, gold exchange-traded funds (ETFs), and portfolio management services tailored for high-net-worth individuals (HNIs).