HDFC Asset Management Company announced a final dividend of Rs 90 per share on Thursday along with its March quarter earnings where it reported an 18% year-on-year growth in its consolidated net profit at Rs 639 crore from Rs 541 crore in the same quarter of last year.
Company’s revenue from operations in Q4FY25 stood at Rs 901 crore which was up 30% versus Rs 695 crore reported in the year ago period.
The earnings were announced during market hours and HDFC AMC’s shares jumped 2.4% to hit the day’s high of Rs 4,227.60 on the NSE.
However, HDFC AMC’s profit declined marginally on a sequential basis from Rs 642 crore clocked in the October-December quarter. Meanwhile, the topline fell 4% quarter-on-quarter.
Other income in the January-March 2024 period fell to Rs 124 crore as against Rs 155 crore in the corresponding period of previous fiscal.
More to come…
