HDFC Asset Management Company (AMC) posted a 15% increase in its net profit at `205.9 crore for the three months ended September on the back of similar growth in revenues. Revenue of HDFC AMC for the quarter rose 13% to `515.3 crore.
While the operating profit for the quarter was `262.3 crore compared to `236.6 crore for the quarter ended September 30, 2017, an increase of 11%. HDFC AMC’s total assets under management (AUM) were `2.92 lakh crore as on September 30, 2018 compared to `2.68 lakh crore the same period a year ago – a growth of 9% with 13.3% market share in total AUM across MFs.
