HDFC Asset Management Company Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 19, 2024 at 11:42 am
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HDFC Asset Management Company Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,954.3 million compared to INR 5,409.5 million a year ago. Revenue was INR 8,512.5 million compared to INR 6,378.7 million a year ago. Net income was INR 5,408.4 million compared to INR 3,761.7 million a year ago. Basic earnings per share from continuing operations was INR 25.33 compared to INR 17.63 a year ago. Diluted earnings per share from continuing operations was INR 25.25 compared to INR 17.62 a year ago.
For the full year, sales was INR 25,843.7 million compared to INR 21,668.1 million a year ago. Revenue was INR 31,633.9 million compared to INR 24,826.6 million a year ago. Net income was INR 19,426.9 million compared to INR 14,233.7 million a year ago. Basic earnings per share from continuing operations was INR 91 compared to INR 66.72 a year ago. Diluted earnings per share from continuing operations was INR 90.89 compared to INR 66.71 a year ago.
HDFC Asset Management Company Limited is a mutual fund manager. The Company is engaged 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.