HDFC AMC Q3 profit after tax up 3% at ₹369 crore
1 min read . Updated: 24 Jan 2023, 07:22 PM IST
Premium- The company's total income rose by 4 per cent to ₹663 crore in the quarter under review from ₹635.9 crore in the year-ago period.
(PTI) HDFC Asset Management Company Ltd (HDFC AMC) on Tuesday reported a 3 per cent increase in profit after tax (PAT) to ₹369.5 crore for the three months ended December 2022.
In comparison, the company had posted a PAT of ₹359.7 crore in the same quarter of the preceding fiscal, HDFC AMC said in a regulatory filing.
The company's total income rose by 4 per cent to ₹663 crore in the quarter under review from ₹635.9 crore in the year-ago period.
The asset management company's total expenses grew 8 per cent to ₹162.2 crore in the third quarter ended December 2022. This was mainly due to a rise in other expenses, mainly on account of an increase in general business-related expenses, technology and CSR expense.
The company's average asset under management (AAUM) stood at ₹4.45 lakh crore as of December 2022 against ₹4.47 lakh crore a year earlier.
HDFC AMC is an Investment Manager for HDFC Mutual Fund, one of the largest mutual funds in the country.
