HDFC AMC Ltd Q3 Results FY2024, Net profit at Rs.487.92 Crores

Shreya Anaokar 11th January 2024 - 05:46 pm

On 11th January 2024, HDFC AMC Ltd announced its quarterly results.

Key Highlights:

- Revenue from Operations was at Rs.671.32 Crores for Q3FY24
- Profit before tax was reported at Rs. 636.83 Crores
- Net Profit was reported at Rs.487.92 Crores

Business Highlights:

- With an 11.2% market share in QAAUM of the mutual fund sector, HDFC AMC reported QAAUM of ₹5,515 billion for the quarter ended December 31, 2023, compared to ₹4,448 billion for the quarter ended December 31, 2022.
- In December 2023, 6.81 million systemic transactions totaling ₹26.3 billion were completed.
- With a market share of 13.2% of each monthly average AUM for November 2023, the business is among individual investors' top picks.
- As of December 31, 2023, there were 14.9 million active accounts worldwide. As of December 31, 2023, there were 8.7 million unique consumers as determined by PAN or PEKRN, a share of 20.6%, compared to 42.0 million for the industry.
- As of December 31, 2023, the business has invested a total of Rs 6469.5 crore. of which, mostly due to regulatory requirements, around 90% is invested in mutual funds. Debentures and tax-free bonds account for 6.1 percent, with AIFs and other equities making up around 3 percent.
- 90% of the mutual fund investments are in debt and liquid funds. The remaining 7.7% is invested in arbitrage funds, while the remainder is in equity-oriented funds.