HDFC Asset Management Company Ltd. Q3 FY2024 results: revenue ₹671 crore, up 20.0% on the year
HDFC Asset Management Company Ltd. (HDFCAMC) reported consolidated revenue from operations of ₹671 crore for Q3 FY2024, the quarter ended 31 December 2023, up 20.0% on the same quarter a year earlier. Profit after tax was ₹488 crore, up 32.2% on the year, and earnings per share ₹22.86. The figures are the company's own, from the unaudited results it filed with NSE on 11 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 671 | 643 | n/a | n/a |
| Other income | 143 | 122 | n/a | n/a |
| Total income | 814 | 765 | n/a | n/a |
| Cost of materials consumed | 0 | 0 | n/a | n/a |
| Purchases of stock-in-trade | 0 | 0 | n/a | n/a |
| Changes in inventories | 0 | 0 | n/a | n/a |
| Employee benefit expense | 91 | 93 | n/a | n/a |
| Finance costs | 2 | 2 | n/a | n/a |
| Depreciation, depletion and amortisation | 13 | 13 | n/a | n/a |
| Other expenses | 71 | 69 | n/a | n/a |
| Total expenses | 177 | 177 | n/a | n/a |
| Profit before exceptional items and tax | 637 | 588 | n/a | n/a |
| Exceptional items | 0 | 0 | n/a | n/a |
| Profit before tax | 637 | 588 | n/a | n/a |
| Current tax | 137 | 129 | n/a | n/a |
| Deferred tax | 12 | 22 | n/a | n/a |
| Total tax | 149 | 152 | n/a | n/a |
| Profit after tax | 488 | 437 | n/a | n/a |
| Attributable to owners of the parent | 488 | 437 | n/a | n/a |
| Other comprehensive income | 0 | 0 | n/a | n/a |
| Total comprehensive income | 488 | 437 | n/a | n/a |
| EPS, basic | ₹22.86 | ₹20.45 | n/a | n/a |
| EPS, diluted | ₹22.82 | ₹20.44 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 643 | 671 | 695 | 775 | 887 | 935 | 901 | 968 | 1,027 | 1,075 | 1,052 | 1,100 |
| Expenses | 177 | 177 | 172 | 196 | 200 | 188 | 190 | 215 | 248 | 220 | 229 | 274 |
| Operating profit | 481 | 509 | 539 | 594 | 703 | 764 | 730 | 773 | 801 | 876 | 845 | 850 |
| OPM % | 75% | 76% | 77% | 77% | 79% | 82% | 81% | 80% | 78% | 82% | 80% | 77% |
| Other income | 122 | 143 | 156 | 173 | 171 | 93 | 124 | 233 | 96 | 159 | 12 | 263 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 |
| Depreciation | 13 | 13 | 13 | 13 | 14 | 15 | 17 | 17 | 18 | 18 | 19 | 21 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 588 | 637 | 679 | 752 | 858 | 840 | 835 | 986 | 876 | 1,014 | 834 | 1,089 |
| Tax % | 26% | 23% | 20% | 20% | 33% | 24% | 24% | 24% | 18% | 24% | 25% | 23% |
| Net profit | 437 | 488 | 541 | 604 | 577 | 641 | 638 | 748 | 718 | 769 | 623 | 837 |
| EPS in ₹ | ₹20.45 | ₹22.86 | ₹25.33 | ₹28.28 | ₹26.99 | ₹30.02 | ₹29.87 | ₹34.95 | ₹33.58 | ₹17.97 | ₹14.54 | ₹19.53 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 11 January 2024: the result statement. All of HDFC Asset Management Company Ltd.'s results: NSE company page.
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