India · Delayed Price · Currency is INR HDFC Asset Management Company Earnings Call Transcripts
Fiscal Year 2026
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QAAUM grew 20% year-over-year to INR 9.3 trillion, with profit after tax up 16% and digital transactions at 97%. Strong SIP inflows and new investor additions offset market volatility, while new TER regulations are expected to have limited P&L impact.
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AUM surpassed ₹9 trillion with strong equity inflows and record SIPs, driving 20% YOY profit growth. Regulatory changes will compress margins, but disciplined cost management and product innovation are expected to sustain profitability and growth.
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AUM reached INR 8.7 trillion with strong SIP growth and robust equity inflows, while revenue and operating profit rose 16% and 13% year-over-year, respectively. Cost efficiency remains high, and a 1:1 bonus share issue was approved.
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AUM grew 21% YoY to INR 8.5 trillion, with strong inflows across equity, debt, and SIPs. Revenue and profit after tax rose 25% and 24% YoY, respectively, while yields and margins remained stable. New ESOP/PSU plans and SEBI approval for AIFs mark key developments.
Fiscal Year 2025
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AUM grew 23% year-over-year to INR 65.7 trillion, with strong net inflows and resilient SIP participation. Operating profit rose 43% and PAT 26% year-over-year, while the dividend payout ratio increased to 78%.
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AUM and revenue saw robust double-digit growth, with strong equity inflows and digital adoption. Operating profit and margins improved, while management remains optimistic about long-term industry growth despite market volatility and regulatory changes.
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AUM and investor base saw robust growth, with record equity inflows and strong SIP momentum. Revenue and profit rose sharply year-over-year, though a one-time deferred tax charge impacted PAT. Margins are expected to decline gradually as AUM grows, but operational momentum remains strong.
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AUM surged to INR 61.4 trillion, with strong equity and debt inflows and robust SIP growth. Revenue and profits grew over 25% year-over-year, while margins faced dilution from rapid AUM expansion and regulatory pricing. Investments in technology, new branches, and alternatives continue.