BSE See NSE See 52,975.80
138.59 (0.26%)

HDFC AMC surges 8 per cent post Q1FY19 results

Rohan Takalkar
/ Categories: Trending, Mindshare, Markets
Rate this article:

Country’s second largest AMC reported strong performance in its quarterly performance for the quarter ended June 2018. The bottom-line grew substantially to Rs. 204 crore.

The revenue for the one of the largest AMC in the country rose by 20 per cent yoy to Rs. 471 crore in Q1FY19 vs Rs. 390 crore in Q1FY19. This was largely on the back of strong AUM growth 21 per cent yoy to Rs. 22.9 trillion vs Rs.19 trillion.

The total AUM grew to Rs. 3,01,100 crore in Q1FY19 compared to Rs. 2,47,800 crore in the corresponding quarter the previous year. The net profit for the quarter also grew strongly to Rs. 204 crore compared to Rs. 164 crore.

The stock listed on the exchanges earlier this month and saw significant gains for the investors with 65 per cent premium on listing. Also post result, the stock surged 8 per cent to touch an all-time high of Rs. 1,919 per share. The stock closed the trading day with 3.24 per cent gains at Rs. 1,890 mark on Friday.

Previous Article Steel Strips wins US$ 3.5 million order
Next Article Making the most of SIP, STP and SWP
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.


Indo Count emerges as top performer at Walmart’s Global Sourcing Sustainability Summit; stock gains 4 per cent

Indo Count has contributed towards Project Gigaton since its inception for reducing GHG emissions through various initiatives such as installation of solar plant, and reduction in freshwater consumption via a water recycling plant.

Armaan Madhani / Article rating: 4.6
One of India’s largest home textile manufacturers, Indo Count Industries recently announced that the company has been recognised as one of...

Persistent Systems zooms 8 per cent on stellar Q1FY22 earnings

The order booking for the quarter ended on June 30, 2021, stood at $244.8 million in total contract value (TCV) and at $188.83 million in annual contract value (ACV).

Armaan Madhani / Article rating: 4.8
Persistent Systems continues a strong growth trajectory in Q1FY22, reporting 9.2 per cent QoQ and 27.3 per cent YoY with revenue of Rs 1,229.9...