HDFC AMC reports 14.07% yoy growth in revenue; stock trade flat

1 Feb 2022 , 12:49 PM

 HDFC Asset Management Company Ltd. announced its results for the quarter ending December 2021 and reported a 14.07% YoY rise in its revenue. Its stock trades flat with a marginal gain of 0.44% or Rs 10.60 at Rs 2,215.80 against its previous closing price of Rs 2,205.20. Its scrip touched an intraday high and low of Rs 2,229 and Rs 2,196.10 respectively.

Its revenue for the quarter stood at Rs 549.67 crore against Rs 481.86 crore for the previous corresponding quarter, recording a growth of 14.07% YoY.

The company’s EBITDA stood at Rs 500.64 crore for Q3 FY’22 against Rs 498.82 crore for Q3 FY’21, up by 0.36% YoY.

Company reported a PAT of Rs 359.75 crore for Q3 FY’22 against Rs 369.26 crore for Q3 FY’21, down by 2.6% YoY.

The company’s EPS narrowed at Rs 16.88 for the December 2021 quarter as against Rs 17.34 crore for the previous corresponding period.