MoneyWorks4Me

HDFC Asset Management Company reports 20% rise in Q2 consolidated net profit

12 Oct 2023 Evaluate

HDFC Asset Management Company has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 20.17% rise in its net profit at Rs 437.56 crore for the quarter under review as compared to Rs 364.13 crore for the same quarter in the previous year. Total income of the company increased by 17.82% at Rs 765.22 crore for Q2FY24 as compared Rs 648.93 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 19.97% rise in its net profit at Rs 436.52 crore for the quarter ended September 30, 2023 as compared to Rs 363.85 crore for the same quarter in the previous year. Total income of the company increased by 17.94% at Rs 765.35 crore for Q2FY24 as compared Rs 648.93 crore for the corresponding quarter previous year.

Peers