• Fri. Feb 23rd, 2024
HDFC AMC Delivers Strong Q1FY24 Performance: Strong Revenue Growth and 52% Rise in Profit After Tax

HDFC AMC’s financial performance was strong in Q1FY24. The company’s revenue has grown, its costs have been managed well, and its profit after tax has grown significantly. The company’s core AM business also performed well, with operating profit up 11%.

HDFC AMC’s financial performance was strong in Q1FY24. The company’s revenue has grown, its costs have been managed well, and its profit after tax has grown significantly. The company’s core AM business also performed well, with operating profit up 11%.

Assets under Management (AUM): HDFC AMC’s QAAUM (Quarterly Average AUM) stands 4,857 billion by March 31, 2023. This represents 12.1% market share in the Indian asset management industry.

Assets under Management (AUM): HDFC AMC’s QAAUM (Quarterly Average AUM) stands 4,857 billion by March 31, 2023. This represents 12.1% market share in the Indian asset management industry.

Product mix: HDFC AMC’s AUM is diversified across asset classes, with equity-oriented funds accounting for 12.1% of the total, debt funds 13.2% and liquid funds 13.7%.

Product mix: HDFC AMC’s AUM is diversified across asset classes, with equity-oriented funds accounting for 12.1% of the total, debt funds 13.2% and liquid funds 13.7%.

Delivery Methods: HDFC AMC’s distribution network includes 12.2 million live accounts, 1,323 employees, 229 branches and 7.1 million unique investors.

Delivery Methods: HDFC AMC’s distribution network includes 12.2 million live accounts, 1,323 employees, 229 branches and 7.1 million unique investors.

Financial Performance: HDFC AMC’s total revenue for the first quarter of FY24 7,325 million, its PAT was 4,775 million. The company’s operating margin in Q1 FY24 was 34 bps.

Financial performance: HDFC AMC’s total revenue for the first quarter of FY24 7,325 million, its PAT was 4,775 million. The company’s operating margin in Q1 FY24 was 34 bps.

Income

Income from operations rose 10% to Rs 5,745 crore.

Income

Income from operations rose 10% to Rs 5,745 crore.

Other income grew by 1298% to Rs 1,580 crore in Q1FY24. This was primarily due to gains on sale of investments.

Other income grew by 1298% to Rs 1,580 crore in Q1FY24. This was primarily due to gains on sale of investments.

Profit after tax

Profit after tax (PAT) rose 52% to Rs 4,775 crore in Q1 FY24 from Rs 3,142 crore in FY23.

Profit after tax

Profit after tax (PAT) rose 52% to Rs 4,775 crore in Q1 FY24 from Rs 3,142 crore in FY23.

Total comprehensive income

Total comprehensive income increased by 52% to Rs 4,751 crore.

Total comprehensive income

Total comprehensive income increased by 52% to Rs 4,751 crore.

Key Highlights:

  1. Income from operations increased by 10%.

2) Total expenses increased by 9%.

Key Highlights:

  1. Income from operations increased by 10%.

2) Total expenses increased by 9%.

3) Operating profit from core AM business increased by 11%.

3) Operating profit from core AM business increased by 11%.

4) Profit after tax increased by 52%.

4) Profit after tax increased by 52%.

5) Return on Equity (ROE) has been declining in recent years, from 35% in FY19 to 24.5% in FY23.

5) Return on Equity (ROE) has been declining in recent years, from 35% in FY19 to 24.5% in FY23.

6) Dividend per share has been increasing in recent years 24 in FY19 48 in FY23.

6) Dividend per share has been increasing in recent years 24 in FY19 48 in FY23.

7) Dividend payout ratio has been increasing in recent years, from 66% in FY19 to 70% in FY23.

7) Dividend payout ratio has been increasing in recent years, from 66% in FY19 to 70% in FY23.

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