May 16, 2021

HDFC AMC This fall outcomes: PAT rises 27% to Rs 316 cr; agency declares dividend of Rs 34

NEW DELHI: (AMC) on Tuesday reported a 26.52 per cent development in revenue after tax (PAT) at Rs 316.08 crore for the three months to March 2021.

As compared, the corporate had posted a PAT of Rs 249.83 crore in the identical interval a 12 months in the past, HDFC AMC mentioned in a regulatory submitting to the inventory exchanges.

Whole earnings rose by 21.34 per cent to Rs 545.57 crore from Rs 449.62 crore in the identical quarter of the previous fiscal.

The board of administrators have proposed a last dividend of Rs 34 per fairness share (face worth of Rs 5 every) for the 12 months ended March 31, 2021. That is topic to the approval of the shareholders on the ensuing Annual Normal Assembly.

For the 12 months ended March 2021, the corporate’s revenue after tax climbed to Rs 1,325.76 crore from Rs 1,262.41 crore within the previous fiscal.

Whole earnings elevated to Rs 2,201.74 crore from Rs 2,143.43 crore in 2019-20.

The corporate’s belongings underneath administration rose 12 per cent to Rs 4,15,600 crore as of end-March, in comparison with Rs 3,69,800 crore in March 2020, giving it a market share of 12.9 per cent.