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FY 2024 ended on a great note for all listed fund houses. The profit disclosure of listed AMCs shows that HDFC AMC, Aditya Birla Sun Life AMC, Nippon India AMC and UTI AMCs have witnessed at least 30% growth in their gross and net profit numbers.
HDFC AMC recorded the highest growth in both gross and net profits in absolute terms.
The AMC saw its gross profits increase to Rs 2,478 crore in FY2024 from Rs 1,871 crore in FY 2023, a growth of 32%.
Aditya Birla Sun Life MF, Nippon India and UTI MF were next in the list with gross profit of Rs 1,008 crore, Rs 1,352 crore and Rs 987 crore, respectively.
In terms of percentage growth, UTI MF showed the highest growth of gross profit over FY23-FY24. The fund house grew by 68%.
PROFIT BEFORE TAX OF LISTED AMCs IN FY24
|
Fund house |
Profit before tax FY24 (cr) |
Profit before tax FY23 (cr) |
Change |
Change % |
|
HDFC AMC |
2,478 |
1871 |
607 |
32% |
|
Aditya Birla Sun life AMC |
1,008 |
788 |
220 |
28% |
|
Nippon India AMC |
1,352 |
928 |
424 |
46% |
|
UTI AMC |
987 |
586 |
401 |
68% |
In terms of profit after tax or net profit, the data reveals that HDFC AMC witnessed the highest profit after tax of Rs 1,946 crore in FY24. It grew by 37% from FY23.
Nippon India AMC, Aditya Birla Sun Life AMC and UTI AMC were the next in the list with profit after tax of Rs 723 crore, Rs.596 crore and Rs.563 crore, respectively.
PROFIT AFTER TAX OF LISTED AMCs IN FY24
|
Fund house |
Profit after tax FY24 (cr) |
Profit after tax FY23 (cr) |
Change |
Change % |
|
HDFC AMC |
1,946 |
1,424 |
522 |
37% |
|
Nippon India AMC |
1,107 |
723 |
384 |
53% |
|
Aditya Birla Sun life AMC |
780 |
596 |
184 |
31% |
|
UTI AMC |
766 |
563 |
203 |
36% |
