HDFC Asset Management Company Q2 Results Live : HDFC Asset Management Company declared their Q2 results on 15 Oct, 2024, showcasing robust financial performance with a topline increase of 37.96% year-over-year, leading to a profit rise of 32.09%.
Despite this impressive yearly growth, the company reported a quarterly comparison where revenue grew by 14.44%, but profit saw a decline of 4.5% compared to the previous quarter.
In terms of expenses, the Selling, General & Administrative expenses showed a positive trend, declining by 5.14% quarter-over-quarter, although they still increased by 3.14% year-over-year.
The operating income for HDFC Asset Management Company demonstrated significant growth, up by 18.77% from the previous quarter and an impressive 47.57% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹26.89, marking a 31.56% increase compared to the same quarter last year.
In terms of market performance, HDFC Asset Management Company has delivered a return of 8.73% in the past week, 22.16% over the last six months, and an impressive 42.12% year-to-date.
The company’s current market capitalization is ₹97,304.36 crore, with a 52-week high of ₹4,604.25 and a low of ₹2,690.60.
As of 16 Oct, 2024, out of 23 analysts covering HDFC Asset Management Company, there is a mixed sentiment: 1 analyst has given a Strong Sell rating, 2 analysts have given a Sell rating, 7 analysts have given a Hold rating, 6 analysts have given a Buy rating, and 7 analysts have given a Strong Buy rating.
The consensus recommendation as of 16 Oct, 2024, is leaning towards a Buy, reflecting the positive outlook for the company.
HDFC Asset Management Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 887.21 | 775.24 | +14.44% | 643.08 | +37.96% |
| Selling/ General/ Admin Expenses Total | 95.94 | 101.14 | -5.14% | 93.02 | +3.14% |
| Depreciation/ Amortization | 13.74 | 13.27 | +3.54% | 12.99 | +5.77% |
| Total Operating Expense | 199.78 | 196.46 | +1.69% | 177.26 | +12.7% |
| Operating Income | 687.43 | 578.78 | +18.77% | 465.82 | +47.57% |
| Net Income Before Taxes | 858.41 | 752.25 | +14.11% | 588.09 | +45.97% |
| Net Income | 576.61 | 603.76 | -4.5% | 436.52 | +32.09% |
| Diluted Normalized EPS | 26.89 | 28.18 | -4.58% | 20.44 | +31.56% |
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