HDFC AMC reports 32% growth in Q3 net

New Delhi: HDFC Asset Management Company Ltd (HDFC AMC) on Thursday reported a 32 per cent year-on-year jump in profit after tax (PAT) at Rs488 crore for the three months ended December 2023.

In comparison, the company had posted a PAT of Rs369.16 crore in the year-ago period, HDFC AMC said in a regulatory filing. The company’s total income surged 23 per cent year-on-year to Rs814.17 crore in the October-December quarter of the current fiscal (FY24), from Rs663 crore in the year-ago period.

During the period ended December 31, 2023, the asset management firm paid a final dividend of Rs48 per equity share (face value of Rs5 each) for the year ended March 31, 2023. For the nine months ended December 31, 2023, the company clocked a PAT of Rs1,402 crore and total income of Rs2,312.14 crore.