HDFC Asset Management Company Limited (BOM: 541729)

HDFC Asset Management Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	32,925	25,844	21,668	21,154	18,525	20,033
Other Revenue	5,933	5,790	3,157	3,178	3,494	1,393
Revenue	38,858	31,633	24,826	24,331	22,019	21,425
Revenue Growth (YoY)	31.73%	27.42%	2.03%	10.50%	2.77%	2.18%
Cost of Revenue	3,907	3,645	3,223	3,228	2,374	2,422
Gross Profit	34,951	27,988	21,603	21,104	19,645	19,003
Selling, General & Admin	457.4	457.4	423	279.4	153.5	271.7
Other Operating Expenses	2,557	2,166	1,849	1,647	1,357	1,582
Operating Expenses	3,566	3,147	2,806	2,465	2,065	2,358
Operating Income	31,385	24,841	18,797	18,638	17,580	16,645
Interest Expense	-91.3	-90.9	-96.9	-86.4	-89.5	-89.8
Currency Exchange Gain (Loss)	-0.5	-0.5	-0.4	0.6	-1.8	8.8
EBT Excluding Unusual Items	31,293	24,750	18,700	18,553	17,489	16,564
Gain (Loss) on Sale of Investments	-	-	-	-	-	-34
Gain (Loss) on Sale of Assets	0.5	0.5	1.1	0.3	0.4	0.4
Pretax Income	31,294	24,750	18,701	18,553	17,490	16,531
Income Tax Expense	7,668	5,323	4,467	4,622	4,232	3,906
Net Income	23,626	19,427	14,234	13,931	13,258	12,624
Net Income to Common	23,626	19,427	14,234	13,931	13,258	12,624
Net Income Growth	32.88%	36.49%	2.17%	5.08%	5.02%	35.66%
Shares Outstanding (Basic)	214	213	213	213	213	213
Shares Outstanding (Diluted)	214	214	213	213	213	213
Shares Change (YoY)	0.36%	0.17%	0.04%	0.00%	0.07%	0.27%
EPS (Basic)	110.63	91.00	66.72	65.36	62.28	59.37
EPS (Diluted)	110.24	90.89	66.71	65.31	62.16	59.24
EPS Growth	32.39%	36.25%	2.14%	5.07%	4.93%	35.31%
Free Cash Flow	-	15,957	11,353	12,435	10,737	12,550
Free Cash Flow Per Share	-	74.65	53.21	58.30	50.34	58.88
Dividend Per Share	-	70.000	48.000	42.000	34.000	28.000
Dividend Growth	-	45.83%	14.29%	23.53%	21.43%	16.67%
Gross Margin	89.95%	88.48%	87.02%	86.73%	89.22%	88.69%
Operating Margin	80.77%	78.53%	75.72%	76.60%	79.84%	77.69%
Profit Margin	60.80%	61.41%	57.33%	57.26%	60.21%	58.92%
Free Cash Flow Margin	-	50.44%	45.73%	51.11%	48.76%	58.58%
EBITDA	31,476	24,942	18,910	18,756	17,712	16,764
EBITDA Margin	81.00%	78.85%	76.17%	77.09%	80.44%	78.24%
D&A For EBITDA	91.63	101	113.5	117.6	131.4	118.5
EBIT	31,385	24,841	18,797	18,638	17,580	16,645
EBIT Margin	80.77%	78.53%	75.72%	76.60%	79.84%	77.69%
Effective Tax Rate	24.50%	21.51%	23.89%	24.91%	24.20%	23.63%
Revenue as Reported	38,858	31,634	24,827	24,332	22,017	21,434
Advertising Expenses	-	451.4	419.2	275.9	149.9	268.8

Source: S&P Capital IQ. Standard template. Financial Sources.