HDFC AMC zooms as its consolidated net profit rises 31% to Rs 641.36 crore in Q3FY25
HDFC Asset Management Company is currently trading at Rs. 4108.50, up by 244.80 points or 6.34% from its previous closing of Rs. 3863.70 on the BSE.
The scrip opened at Rs. 3941.00 and has touched a high and low of Rs. 4111.00 and Rs. 3845.45 respectively. So far 39785 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4862.00 on 16-Oct-2024 and a 52 week low of Rs. 3255.00 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 4111.00 and Rs. 3775.15 respectively. The current market cap of the company is Rs. 86937.01 crore.
The promoters holding in the company stood at 52.48%, while Institutions and Non-Institutions held 38.36% and 9.16% respectively.
HDFC Asset Management Company (HDFC AMC) has reported 25.47% rise in net profit at Rs 614.46 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 489.72 crore for the same quarter in the previous year. Total income of the company increased by 26.22% at Rs 1,027.10 crore for Q3FY25 as compared to Rs 813.77 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 31.45% rise in its net profit at Rs 641.36 crore for the quarter ended December 31, 2024 as compared to Rs 487.92 crore for the same quarter in the previous year. Total income of the company increased by 26.23% at Rs 1,027.72 crore for Q3FY25 as compared to Rs 814.18 crore for the corresponding quarter previous year.
