HDFC AMC spurts up

HDFC AMC is currently among the top five gainers on the BSE as the Q3FY25 performance has given it a good spurt.

The company ended the third quarter with a 31% (YoY) jump in net profit at Rs.641 crore and this was on a Rs.935 crore (up 39%) revenue from operations.

EBITDA was up 50% at Rs.763 crore while margins jumped up from 75.9% to 81.7%.

HDFC AMC reported its total assets, encompassing both financial and non-financial, at Rs8,036 crore as of December 2024, up from Rs7,558 crore at the end of March 31, 2024.

The stock, which had closed at Rs.3863.70, opened today at Rs.3941 and rose to an intraday high at Rs.4060. Its 52-week high is at Rs.4862 and low at Rs.3255.