HDFC AMC on October 19 reported a 6 percent rise in post-tax profit of Rs 364 crore for the quarter ended September 2022 as against Rs 344.4 crore a year back.
Sequentially, the profit is 16 percent higher from Rs 314 crore recorded in June quarter this year.
Revenue from operations came in marginally higher at Rs 544.7 crore for the quarter, an increase of 0.4 percent over Rs 542.3 crore same time last year. Sequentially, the revenue is higher by 4.4 percent from Rs 521 crore.
In an exchange filing, the company said its Quarterly Average Assets Under Management (QAAUM) stood at Rs 4.29 lakh crore as compared to Rs 4.38 lakh crore in the year ago period. This indicates 11 percent market share in QAAUM of India's mutual fund industry.
3.91 million systematic transactions with a value of Rs 14,300 crore were processed during the month of September 2022, the company said.