Quote on HDFC AMC Q3FY21 results By Jyoti Roy, Angel Broking
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Below are Quote on HDFC AMC Q3FY21 results By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
HDFC AMC reported a subdued set of numbers for Q3FY21. Revenue for the quarter declined by 8.2% YoY to Rs. 481.2 crore. EBIDTA for the quarter was down by 6.7% YoY to ₹385.8 crore while EBIDTA margins expanded by 124bps yoy to 80.06%. Net profit for the quarter was up by 4.7% YoY to ₹163.5 crore due to sharp jump in other income by 68.1% YoY to Rs. 113 crore. AUM for the year was up by 10% YoY to Rs. 4.1 lakh cr. while overall market share for HDFC AMC was down by 80bps YoY to 13.1%. Active equity AUM was down by 5% YoY while market share was down by 220bps YoY to 13.4%.
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