HDFC AMC Limited Q3 FY 2018-19: Highlights


HDFC AMC Limited, one of the reputed Asset Management Company in India has announced it Q3 2018-19 today when the market closed.

The Company’s total revenue comes at INR 532.94 Cr for the period ends on 31 December 2018 versus INR 495.23 Cr for the same period last year, registered 7.61% growth YoY. The company’s revenue for the quarter ended 30 September 2018 stood at INR 515.24 Cr showing 3.44% QoQ growth.

The Company’s profit after tax (PAT) stood at INR 243.26 Cr versus INR 195.06 showing 24.71% YoY growth, the same was growing at 18.14% QoQ (INR 205.91 Cr for the period ends 30 September 2018)

 

HDFC AMC Limited

 

HDFC Mutual Fund is one of the largest and well-established fund houses in the country with focus on delivering consistent fund performance across categories.

History: Incorporated in the year 1999, HDFC Asset Management Company (HDFC AMC Limited) is a well-known fund house in India engaged in providing savings and investment products. It is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI)

Business: HDFC AMC offers a large suite of savings and investment products across asset classes. The Company provides portfolio management (PMS) and segregated account services, including discretionary, non-discretionary and advisory services, to high net worth individuals (HNIs), family offices, domestic corporates, trusts, provident funds and domestic and global institutions.

Achievement: HDFC AMC have been the most profitable asset management company in India in terms of net profits since Fiscal 2013, according to CRISIL, with a total AUM of ₹2,932.54 billion as of December 31, 2017.

Stock Price Movement

The stock ended 0.25% or INR 3.75 lower to INR 1481.40 when the market closed on Monday! During the quarter ended 31 December 2018, the share prices of HDFC AMC has made a low of INR 1250 and high of INR 1600

HDFC AMC on Technical Charts

The stock price of HDFC AMC Limited is trading more than 7% lower when compared to its 200 EMA (1604) and marginally below when compared to its 50 EMA (1496)

 

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Vishal Dalwadi

Vishal Dalwadi

Vishal is an MBA (Finance) post-graduate. He is the founder and owner of "FinBlab". His blog aims at providing information and research on Stock market and sectors including Mutual funds, IPOs, Insurance and more.

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