| Revenue growth | 14% YoY |
|---|---|
| Margins | Operating margin stable at 35 bps of AAUM. |
| Demand visibility | Live accounts reached 31.1 million, up 28% YoY. |
Growth
Revenue from operations grew 14% YoY to ₹10,985 mm. Quarterly Average AUM (QAAUM) increased 13% YoY to ₹9,351 bn.
Outlook
Continuing focus on digital transactions (98% currently) and expansion in B-30 cities which contribute 19.6% of MAAUM.
Risks
Market share compression in overall AUM (11.2% vs 11.5% YoY) and decline in debt AUM (down 3% YoY QAAUM).
Last quarter's promises, checked
Delivered
- Targeted 100% digital trajectory → delivered 98% digital transactions (= BEAT)
- Guided stable operating margins → delivered 35 bps AAUM (= BEAT)
- Commitment to expand AIF/PMS → delivered HDFC AMC Select Opportunities Fund (= BEAT)
Partly delivered
- Focus on B30 participation → delivered 19.6% MAAUM contribution (= PARTIAL)
Missed
- Aspiration to grow market share → delivered 11.2% vs 11.5% YoY (= MISS)
Earnings Call filed with NSE, NSE: HDFCAMC. Summary written with AI assistance from the document.
HDFC Asset Management Company Ltd: key numbers
- Share price
- ₹2,314.80
- Market cap
- ₹99,322 Cr
- Revenue (annual)
- ₹4,122 Cr
- Net profit (annual)
- ₹2,858 Cr
- P/E (TTM)
- 33.7×Sector 21.8×
- Promoter holding
- 52.34%-0.03% QoQ
- FII holding
- 24.10%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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