Report Wire - HDFC AMC Q3 revenue after tax up 3% at ₹369 crore

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HDFC AMC Q3 revenue after tax up 3% at ₹369 crore

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The company

(PTI) HDFC Asset Management Company Ltd (HDFC AMC) on Tuesday reported a 3 per cent enhance in revenue after tax (PAT) to ₹369.5 crore for the three months ended December 2022.

In comparability, the corporate had posted a PAT of ₹359.7 crore in the identical quarter of the previous fiscal, HDFC AMC mentioned in a regulatory submitting.

The firm’s whole revenue rose by 4 per cent to ₹663 crore within the quarter beneath evaluation from ₹635.9 crore within the year-ago interval.

The asset administration firm’s whole bills grew 8 per cent to ₹162.2 crore within the third quarter ended December 2022. This was primarily resulting from an increase in different bills, primarily on account of a rise basically business-related bills, expertise and CSR expense.

The firm’s common asset beneath administration (AAUM) stood at ₹4.45 lakh crore as of December 2022 in opposition to ₹4.47 lakh crore a 12 months earlier.

HDFC AMC is an Investment Manager for HDFC Mutual Fund, one of many largest mutual funds within the nation.

 

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