HDFC AMC Reports 26% Profit Surge in Q1 FY25

HDFC Asset Management Company reported a 26% increase in profit after tax (PAT) for the June quarter of FY25, reaching Rs 603.9 crore. The firm also saw a 35% rise in revenue from operations, amounting to Rs 775.2 crore. Its average asset under management (AAUM) grew to Rs 6.71 lakh crore.

HDFC Asset Management Company on Monday reported a significant 26 per cent rise in profit after tax (PAT), reaching Rs 603.9 crore for the June quarter of FY25.

This marked an increase from the Rs 477.5 crore it posted in the same period last year, the fund house revealed in a regulatory filing.

Revenue from operations surged by 35 per cent to Rs 775.2 crore, up from Rs 574.5 crore in the June quarter of FY24. The company's average asset under management (AAUM) also soared to Rs 6.71 lakh crore as of June 2024, compared to Rs 4.86 lakh crore a year ago.

(With inputs from agencies.)