HDFC Asset Management Company Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
April 27, 2022 at 01:02 pm
Share
HDFC Asset Management Company Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 5,162.8 million compared to INR 5,029.3 million a year ago. Revenue was INR 5,809.3 million compared to INR 5,455.7 million a year ago. Net income was INR 3,435.5 million compared to INR 3,160.8 million a year ago. Basic earnings per share from continuing operations was INR 16.11 compared to INR 14.84 a year ago. Diluted earnings per share from continuing operations was INR 16.1 compared to INR 14.81 a year ago.
For the full year, sales was INR 21,153.6 million compared to INR 18,525.3 million a year ago. Revenue was INR 24,332 million compared to INR 22,017.4 million a year ago. Net income was INR 13,931.3 million compared to INR 13,257.6 million a year ago. Basic earnings per share from continuing operations was INR 65.36 compared to INR 62.28 a year ago. Diluted earnings per share from continuing operations was INR 65.31 compared to INR 62.16 a year ago.
HDFC Asset Management Company Limited is a mutual fund manager. The Company is in the business of providing asset management services to HDFC Mutual Fund and alternative investment fund and portfolio management and advisory services to clients. The Company offers a comprehensive suite of savings and investment products ranging from mutual funds, including both actively managed and passive options, to portfolio management services and alternative investment opportunities catering to the needs of a diverse customer base. It offers financial management services, financial advisory, brokerage, and consulting services. It has a network of 228 investor service centers (ISCs) across more than 200 cities. The Company offers portfolio management services and separately managed account (SMA) services to meet the investment needs of its clients, including high net worth individuals (HNIs), family offices, domestic corporates, trusts, provident funds, and domestic and global institutions.