HDFC Asset Management Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2024
Published on 01/14/2025 at 04:24
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HDFC Asset Management Company Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 9,346.3 million compared to INR 6,713.2 million a year ago. Revenue was INR 10,277.2 million compared to INR 8,141.8 million a year ago. Net income was INR 6,413.6 million compared to INR 4,879.2 million a year ago. Basic earnings per share from continuing operations was INR 30.02 compared to INR 22.86 a year ago. Diluted earnings per share from continuing operations was INR 29.9 compared to INR 22.82 a year ago.
For the nine months, sales was INR 25,970.8 million compared to INR 18,889.4 million a year ago. Revenue was INR 30,346.2 million compared to INR 23,121.7 million a year ago. Net income was INR 18,217.3 million compared to INR 14,018.5 million a year ago. Basic earnings per share from continuing operations was INR 85.29 compared to INR 65.67 a year ago. Diluted earnings per share from continuing operations was INR 84.98 compared to INR 65.63 a year ago.
HDFC Asset Management Company Limited is a mutual fund manager. The Company is engaged in the business of providing asset management services to HDFC Mutual Fund and alternative investment fund and portfolio management and advisory services to clients. The Company offers a comprehensive suite of savings and investment products ranging from mutual funds, including both actively managed and passive options, to portfolio management services and alternative investment opportunities catering to the needs of a diverse customer base. It offers financial management services, financial advisory, brokerage, and consulting services. It has a network of 228 investor service centers (ISCs) across more than 200 cities. The Company offers portfolio management services and separately managed account (SMA) services to meet the investment needs of its clients, including high net worth individuals (HNIs), family offices, domestic corporates, trusts, provident funds, and domestic and global institutions.
