HDFC Asset Management Company Announced Q1FY23 Result :

• HDFC AMC net profit for the quarter ended June 30, 2022 at Rs 3,142 million, a decrease of 9% over quarter ended June 30, 2021, driven down by fall in other income.
• Amongst India’s largest mutual fund managers with QAAUM market share of 11.0% for the quarter ended June 30, 2022.
• Amongst India’s largest Actively Managed Equity Mutual Fund managers with QAAUM market share of 11.5% for the quarter ended June 30, 2022.
• One of the most preferred choices of individual investors, with a market share of 12.6% of the individual monthly average AUM for June 2022.
• Profit after tax was Rs 3,142 million for the quarter ended June 30, 2022.
• The Operating Profit for the quarter ended June 30, 2022 was Rs 3,737 million as compared to Rs 3,652 million for the quarter ended June 30, 2021. This is an increase of 2%.
• Profit before tax for the quarter ended June 30, 2022 was down by 17% to Rs 3,850 million as compared to Rs 4,661 million for the quarter ended June 30, 2021.
• Profit after tax for the quarter ended June 30, 2022 was Rs 3,142 million as compared to Rs 3,454 million for the quarter ended June 30, 2021, resulting in a decrease of 9%.

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