HDFC AMC April-June Net Profit Jumps 24% on Higher Income, Robust AUM Growth

HDFC Asset Management Co. Ltd. on Thursday posted a 24% rise in net profit for the April–June  at ₹7.48 billion, driven by a sharp uptick in other income and strong revenue growth. The profit also rose 17.1% sequentially as other income nearly doubled.

Other income for the quarter stood at ₹2.33 billion, up 34.4% from the year-ago period. Revenue from operations also surged nearly 25% on year to ₹9.68 billion, and 7.4% sequentially. Total income grew 26.6% year-on-year to ₹12.00 billion.

While the topline showed strong momentum, higher expenses capped profit growth. Total expenses rose 9.5% from a year ago to ₹2.14 billion, led by a jump in fees and commission expenses which climbed 41.1% to ₹12.70 million.

HDFC AMC's assets under management stood at ₹8.57 trillion as of June 30, up 21% from a year ago. Operating margin for the first quarter of 2025-26 was 36 basis points of average AUM.

Equity AUM grew 19% year-on-year to ₹5.28 trillion, while debt schemes rose 22% to ₹1.79 trillion. Liquid fund assets were up 17% at ₹718.00 billion.

Systematic investment plan assets touched ₹15.30 trillion by the end of June. Individual investors made up 70% of the company’s average monthly AUM—significantly higher than the industry average of 60%.

The fund house had 24.3 million live accounts and 13.7 million unique customers at the end of the quarter. The overall mutual fund industry, by comparison, had 55.3 million unique customers, marking a penetration of 25%.