New Delhi: (AMC) on Friday reported over 14 per cent surge in profit after tax to Rs 345.45 crore for the three months ended June 30. The asset management firm had posted a profit after tax (PAT) of Rs 302.36 crore in the same quarter preceding fiscal, HDFC AMC said in a regulatory filing to the stock exchanges.
The company’s total income rose to Rs 607.99 crore in the June quarter, from Rs 491.31 crore in the year-ago period.
The company’s average assets under management increased 17 per cent to Rs 4,16,900 crore as of June-end 2021, compared to Rs 3,56,200 crore in June 2020, giving it a market share of 12.6 per cent.
HDFC AMC, investment manager of HDFC Mutual Fund, has a diversified asset class mix across equity and fixed income/others.
It also has a countrywide network of branches along with a diversified distribution network comprising banks, independent financial advisors and national distributors.
