Tuesday, October 26, 2021

HDFC AMC Q2 PAT up 2% yoy | Stock Outlook

  


HDFC AMC Q2 PAT up 2% yoy at Rs344.38cr

The AUM has been growing rapidly due to the surge in interest in mutual funds among new


HDFC Asset Management Company Limited (AMC) reported 6.75% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs608.40cr. The revenues were higher by just 0.07% on a sequential basis compared to Rs607.99cr revenues in the Jun-21 quarter. The asset management companies are seeing two contrarian trends play out.

On the one hand, the AUM has been growing rapidly due to the surge in interest in mutual funds among new investors. At the same time, the expense ratios are going down under pressure from the regulator to cut intermediation costs.

The consolidated Profit after tax (PAT) for the Sep-21 quarter was marginally higher by 1.87% at Rs344.38cr. Profits were down -0.31% compared to the profits in the sequential quarter.


Outlook

Avoid stock in short term , stock can test 2551 levels




Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.


No comments:

Post a Comment