HDFC Asset Management Company jumped 2.7% on the BSE to a high of Rs 3,969 on January 15, after the company reported a 31% jump in its consolidated net profit at Rs 641 crore for December quarter as compared to Rs 488 crore reported in the year-ago period.The revenue from operations in Q3FY25 stood at Rs 935 crore which was 39% higher over Rs 671 crore posted by the company in the corresponding quarter of the previous financial yOn a quarter-on-quarter basis, the profit after tax (PAT) rose 11% over Rs 577 crore reported in Q2FY25.Meanwhile, the revenue from operation rose 5.3% versus Rs 887 crore posted by the company in the July-September quarter.Total income which also includes other income of Rs 93.09 crore stood at Rs 1,028 crore up from Rs 1,058 crore posted in Q2FY25 and Rs 814.18 crore in Q3FY24.Also Read: HDFC Life, L&T Tech among 24 companies to announce earnings on WednesdayHDFC AMC 9MFY25 earningsFor the nine-months ended December 31, 2024, the bottom line stood at Rs 1,822 crore versus Rs 1,402 crore in the year ago period. This is a 30% year-on-year (YoY) gain. The nine-month revenue stood at Rs 2,597 crore as against 1,889 crore witnessing a 37% growth.HDFC AMC total Q3 expensesThe company incurred expenses of Rs 188 crore in the said quarter versus Rs 200 crore in the previous quarter and Rs 177 crore in the year ago period. The expenses include finance cost, employee benefit expenses and fee & commission expenses, among other things.Also Read: PSU stocks lose Rs 16.55 lakh crore from Aug 2024 highHDFC AMC business highlights- Quarterly average assets under management (QAAUM) stood at Rs 7,87,400 crore for the quarter ended December 31, 2024, compared to Rs 5,51,500 crore for the quarter ended December 31, 2023. It accounts for 11.5% market share in overall QAAUM of the mutual fund industry.- QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at Rs 4,78,200 crore for the quarter ended December 31, 2024, with a market share of 12.8%. The AMC is amongst the largest actively managed equity-oriented mutual fund managers in the country.- The ratio of equity and non-equity oriented QAAUM is 65:35, compared to the industry ratio of 57:43 for the quarter ended December 31, 2024.- 11 million Systematic transactions with a value of Rs 3,820 crore were processed during the month of December 2024.- 70% of the company’s total monthly average AUM is contributed by individual investors compared to 61% for the industry.Total Live Accounts stood at 2.21 crore as of December 31, 2024. Unique customers as identified by PAN or PEKRN stood at 1.26 crore as of December 31, 2024, compared to 5.26 crore for the industry, a penetration of 24%.HDFC AMC shares target priceAs per Trendlyne data, the average target price of the stock is Rs 4,870, which shows an upside of 26% from the current market prices. The consensus recommendation from 25 analysts for the stock is a 'Buy'.HDFC AMC shares performanceHDFC AMC shares have declined 15% over the past one months and 49% over the last two years. The company’s market capitalization currently stands at Rs 82, 589 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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