Conference Call with HDFC Asset Management Company Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
HDFC Asset Management Company announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: The Operating Profit for the quarter ended March 31, 2024 was Rs 5,236 million as compared to Rs 3,948 million for the quarter ended March 31, 2023. Profit before tax for the quarter ended March 31, 2024 was Rs 6,791 million as compared to Rs 4,917 million for the quarter ended March 31, 2023. Profit after tax for the quarter ended March 31, 2024 was Rs 5,411 million as compared to Rs 3,761 million for the quarter ended March 31, 2023. FY24 Financial Highlights: The Operating Profit of the company for the financial year ended March 31, 2024 was Rs 19,000 million as compared to Rs 15,548 million for the financial year ended March 31, 2023. Profit before tax for the financial year ended March 31, 2024 was Rs 24,781 million as compared to Rs 18,706 million for the financial year ended March 31, 2023. Profit after tax for the financial year ended March 31, 2024 was at Rs 19,458 million as compared to Rs 14,239 million for the financial year ended March 31, 2023. Result PDF
Conference Call with HDFC Asset Management Company Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
HDFC Asset Management Company announced Q3FY24 results: Financial Overview Revenue from Operations: For the quarter ended December 31, 2023, revenue from operations stood at Rs 6,713 million, a 20% increase from the quarter ended December 31, 2022. Operating Profit: The operating profit for the quarter reached Rs 4,961 million, marking a 25% jump compared to the same quarter in the previous year. Profit Before Tax (PBT): PBT rose to Rs 6,385 million for the quarter ending December 31, 2023, compared to Rs 5,008 million for the corresponding quarter in 2022. Profit After Tax (PAT): PAT for the quarter was Rs 4,896 million, a 33% increase over the profit generated in the quarter ended December 31, 2022. Asset Management Total AUM (Assets Under Management): By the end of December 31, 2023, the total AUM was Rs 5.75 trillion. Equity-Oriented AUM: The actively managed equity-oriented AUM recorded was Rs 3,166 billion, capturing a market share of 12.6% for the quarter. Market Share: The overall market share in QAAUM for the mutual fund industry stood at 11.2%. Individual Investor AUM: A significant portion, 70.0% of the company's total monthly average AUM for November 2023, came from individual investors. Operations and Growth Systematic Transactions: Over 6.81 million systematic transactions valued at Rs 26.3 billion were processed in December 2023. Distribution Network: They have 80,000+ empaneled distribution partners, with 253 branches, including 24 new ones inaugurated on January 2, 2024. Live Accounts: The total number of live accounts stood at 14.9 million as of December 31, 2023. Branch Expansion: On January 2, 2024, the company inaugurated 24 new branches aiming to enhance wealth creation for every Indian. Technology and Digital Engagement Digital Transactions: Notably, electronic transactions accounted for 91% of all transactions for Q3FY24, showcasing significant digital adoption. Result PDF