| Revenue growth | 14% year-on-year growth. |
|---|---|
| Margins | Operating margin at 35 bps; targeting 33-35 bps corridor. |
| Demand visibility | Strong SIP momentum with industry-leading folio growth of 28%. |
| Management confidence | High; focusing on long-term structural SIP flows and alternatives. |
Growth
Revenue grew 14% YoY to INR 11 billion; Operating Profit increased 10% YoY; PAT rose 12% YoY to INR 8.4 billion.
Outlook
Targeting net operating margins between 33-35 bps of AUM; expanding alternatives platform including private credit and SIF offerings.
Risks
Outflows in debt schemes due to interest rate volatility; market share dips in active equity due to MTM movements.
Last quarter's promises, checked
Delivered
- Guided 3-4 bps TER impact → delivered 35 bps operating margin (= BEAT)
- Commitment to expand physical/digital footprint → added 3.5m unique investors (= BEAT)
- Targeted growth in alternatives/PMS → awarded EPFO/SPFO mandates and IFC private credit close (= BEAT)
Partly delivered
- Aspiration to grow market share → share remained constant at ~13% (= PARTIAL)
Earnings Call filed with BSE, 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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