Business

HDFC AMC Q2 FY25 Results: Net profit for Q2FY25 at Rs5,769, up by 32% from Q2FY24

team 16 October 2024

Mumbai, October 16, 2024: HDFC Asset Management Company Limited today reported its financial performance for the quarter ended September 30,2024.

CORPORATE HIGHLIGHTS

· QAAUM of ₹7,588 billion for the quarter ended September 30,2024 compared to ₹5,247 billion for the quarter ended September 30,2023, 11.5% market share in QAAUM of the mutual fund industry.

· QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at ₹4,676 billion for the quarter ended September 30,2024 with a market share of 12.9%. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country.

· The ratio of equity and non-equity oriented QAAUM is 66:34, compared to the industry ratio of 57:43 for the quarter ended September 30,2024.

· 10.31 million Systematic transactions with a value of ₹36.8 billion processed during the month of September 2024.

· Over 90,000 empaneled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 255 branches of which 175 are in B-30 locations. The contribution of B-30 locations to our total monthly average AUM for September 2024 is 19.5%.

· 71% of the company’s total monthly average AUM is contributed by individual investors compared to 62% for the industry.

· Market share of 13.2% of the individual monthly average AUM for September 2024, making the company one of the most preferred choices of individual investors.

· Total Live Accounts stood at 20.7 million as on September 30,2024. Unique customers as identified by PAN or PEKRN now stands at 11.8 million as on September 30,2024 compared to 50.1 million for the industry, a penetration of 24%.

FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED SEPTEMBER 30,2024

· The Operating Profit for the quarter ended September 30,2024 was ₹6,881 million as compared to ₹4,670 million for the quarter ended September 30,2023.

· Profit before tax for the quarter ended September 30,2024 was ₹8,587 million as compared to ₹5,892 million for the quarter ended September 30,2023.

· Profit after tax for the quarter ended September 30,2024 was ₹5,769 million as compared to ₹4,376 million for the quarter ended September 30,2023.

FINANCIAL HIGHLIGHTS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2024

· The Operating Profit of the company for the half year ended September 30, 2024 was ₹12,674 million as compared to ₹8,803 million for the half year ended September 30, 2023.

· Profit before tax for the half year ended September 30, 2024 was ₹16,111 million as compared to ₹11,605 million for the half year ended September 30, 2023.

· Profit after tax for the half year ended September 30, 2024 was ₹11,808 million as compared to ₹9,151 million for the half year ended September 30, 2023.