HDFC AMC Q4 PAT up 8.69% at Rs343.55cr as higher revenues and other income boost profits

29 Apr 2022 , 12:23 AM

HDFC AMC Ltd reported 6.48% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs580.93cr. On a sequential basis, revenues were lower for the quarter by -8.64%.

For the full year FY22, the revenues were higher by 10.5% at Rs2,433cr. Most of the AMCs, including HDFC AMC, have seen the fee income gradually fall on a per customer basis.

However, that has been more than compensated by the expansion of SIPs and the customers overall. Net cash in FY22 got a boost from lower fair value gains on investments.

The consolidated net profit for Q4 was up 8.69% at Rs343.55cr while it was down on a sequential basis by -4.50%.

The board has proposed final dividend of Rs.42 per share for FY22 as compared to a dividend pay-out of Rs.34 per share in FY21. This is subject to the final approval of the shareholders.

HDFC MF is now the third largest in terms of overall AUM after SBI Mutual Fund and ICICI Pru MF. Net margins stood at 59.14% in Mar-22 quarter compared to 57.94% in Mar-21. NPM was higher sequentially compared to 56.58% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	HDFC AMC Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 580.93	₹ 545.57	6.48%	₹ 635.88	-8.64%
Net Profit (Rs cr)	₹ 343.55	₹ 316.08	8.69%	₹ 359.75	-4.50%
Diluted EPS (Rs)	₹ 16.10	₹ 14.81		₹ 16.86
Net Margins	59.14%	57.94%		56.58%