Market

HDFC AMC: HDFC AMC This fall Outcomes: PAT rises 8.7% to Rs 343.55 cr


New Delhi: HDFC Asset Management Company (AMC) on Wednesday reported an 8.7 per cent development in revenue after tax (PAT) to Rs 343.55 crore within the quarter that resulted in March 2022.

In comparability, the corporate had posted a PAT of Rs 316.08 crore in the identical quarter of the previous fiscal, the asset administration agency mentioned in a regulatory submitting to the inventory exchanges.

The firm’s whole revenue rose to Rs 580.93 crore within the interval below evaluate from Rs 545.57 crore within the fourth quarter ended on March 31, 2021.

For all the monetary 12 months 2021-22, HDFC AMC clocked a PAT of Rs 1,393.13 crore as in opposition to Rs 1,325.76 crore within the previous fiscal and whole revenue grew to Rs 2,433.20 crore in FY22 from Rs 2,201.74 crore prior to now fiscal.

Further, the board of administrators has beneficial a dividend of Rs 42 per fairness share of Rs 5 every of the corporate, for the monetary 12 months ended March 31, 2022, topic to approval of shareholders on the ensuing Annual General Meeting.

The scrip of HDFC AMC settled at Rs 2,072.15, down 0.68 per cent from the earlier shut.



Source hyperlink

Leave a Reply

Your email address will not be published.