Tuesday, October 26, 2021

HDFCAMC Q2FY22 RESULT | Stock Price Outlook


HDFC 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.

While the rise in operating revenues was offset by lower other income from investments and from asset translation, the spike in costs came from the higher employee costs due to the ESOPs allotted to employees in the quarter.

Net margins at 56.6% was lower than 59.31% on a yoy basis and at par with NPM of 56.82% in June 2021 quarter.

Stock Outlook

Stock is in short term correction and can test 2604 - 2554 . Till wait .

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.

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