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Business News/ Companies / Company Results/  HDFC AMC Q4 results: Net profit increases to 541 crore, dividend declared

HDFC AMC Q4 results: Net profit increases to ₹541 crore, dividend declared

HDFC AMC Q4 results: Net profit increases to ₹541 crore during the March quarter. The company has declared of ₹70 per share.

HDFC AMC Q4 FY24: HDFC AMC reported a net standalone profit of ₹541 crore during the quarter under review.Premium
HDFC AMC Q4 FY24: HDFC AMC reported a net standalone profit of 541 crore during the quarter under review.

HDFC AMC Q4 results: The HDFC Asset Management Company (AMC) reported a 43.8% rise in its net standalone profit to 541 crore. The AMC had reported a 28.5% YoY rise in its revenue to 695.43 crore. The company had reported a net standalone revenue of 540.95 crore. 

Wipro Q4 Results Live Updates: IT major posts net profit at 2835 crore, revenue falls 4% YoY

HDFC AMC Q4 dividend announcement

THe Asset Management Company (AMC) also declared a final dividend of 70 per share of Rs. 5/- each of the Company.

“Further, the Board of Directors in the said meeting has recommended a dividend of Rs. 70/- per equity share of Rs. 5/- each of the Company, for the financial year ended March 31, 2024, subject to approval of shareholders at the ensuing Annual General Meeting. The dividend if approved by the shareholders, will be dispatched / remitted commencing from the day after the ensuing Annual General Meeting," said HDFC AMC in its BSE filing on Friday, April 19. 

HDFC AMC Q4: Key takeaways

The total standalone income of the company increased 33% to 851 crore in the quarter under revierw against 638 crore during the year ago period. The total income of the company was 813.75 crore during Q3 FY24. 

The company's net consolidated profit (atrributable to shareholders) for FY 24 increased by 36.48% to 1942.69 crore against 1423.37 crore profit in the FY23. HDFC AMC's earnings per equity share increased to 25.35 (basic) for Q4 FY24 from 17.63 in Q4 FY23. The annual earnings per equity share of the company increased to 91.15 in FY24 from 66.75 in FY23. 

HDFC AMC shares closed 1.73% lower at 3707.15 per share on BSE on Friday. The company's market capitalistion on BSE stood at 79,141.72 crore. 

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Published: 19 Apr 2024, 04:22 PM IST
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