BSE See NSE See 59,015.89
-125.27 (-0.21%)

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.


Do you know these auto and auto ancillaries stocks more than doubled in 2021 alone?

After having traded negative in a three month period the BSE Auto index is up by over 3 per cent in one month and about 2.6 per cent in past one week alone.

Yogesh Supekar / Article rating: 3.9
In 2021 we find that several stocks from the auto and especially auto ancillary sector have more than doubled with the top gainer jumping higher...

Multibagger Alert: These Finance Sector Stocks have gained up to a whopping 3330.77 per cent in 2021 alone!

Some of the financials that outperformed the markets have turned out to be multibaggers with the top gainer Flomic Global Logistics jumping higher by a whopping 3330.77 per cent in 2021 alone.

Yogesh Supekar / Article rating: 3.3
The leveraged businesses considered most risky, however are seen making a strong comeback with Nifty Bank trading at all time highs. It is in fact...