HDFC AMC Share Price Hits 52-Week High as Net Profit Rises by 32% in Q2 FY25

HDFC Asset Management Company Limited (HDFC AMC) announced its financial performance for the second quarter (Q2 FY25) of the fiscal year 2025, showcasing growth across key financial metrics. 

The company reported a net profit of ₹5,769 million for the quarter ending September 2024, marking a robust 32% year-on-year (YoY) increase compared to ₹4,376 million in the same period last fiscal year.

Total income for HDFC AMC surged by 38%, reaching ₹10,579 million in Q2 FY25, up from ₹7,653 million in the corresponding quarter of the previous year. This significant growth in income reflects the company’s strong operational performance and its ability to capitalise on favourable market conditions.

In terms of Assets Under Management (AUM), HDFC AMC experienced a solid increase of 7.5%, bringing the total AUM to ₹7.58 lakh crore by the end of Q2. The company maintained a steady equity market share of 12.9%, while its share in the debt market saw an improvement, rising to 13.5% from 13.3%. This increase underscores HDFC AMC’s competitive positioning in the asset management space.

For the first half of FY25 (H1 FY25), HDFC AMC reported a net profit of ₹11,808 million, reflecting a 29% YoY increase from ₹9,151 million in H1 FY24. Total income for the first half rose by 34% to ₹20,062 million, compared to ₹14,978 million in the same period last year.

HDFC AMC Share Price Performance

On October 16, 2024, HDFC AMC’s share price opened at ₹4,560.00, slightly up from its previous close of ₹4,555.10. As of 11:35 AM, the share price was trading at ₹4,792.75, indicating an increase of over 5%. Notably, the stock reached its 52-week high of ₹4,848.10, reflecting positive investor sentiment in light of the company’s strong financial results.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.