Stock Report

HDFC Asset Management Company Ltd reports PAT of Rs. 338.06 crore in Q2



Posted On : 2020-10-22 18:03:06( TIMEZONE : IST )

HDFC Asset Management Company Ltd reports PAT of Rs. 338.06 crore in Q2

HDFC Asset Management Company Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.569.95 crores during the period ended September 30, 2020 as compared to Rs.491.31 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.338.06 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.302.36 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.15.85 for the period ended September 30, 2020 as compared to Rs.14.17 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 569.95 crs₹ 491.31 crsUp Tick 16.01%
Net Profit₹ 338.06 crs₹ 302.36 crsUp Tick 11.81%
EPS₹ 15.85₹ 14.17Up Tick 11.86%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.569.95 crores during the period ended September 30, 2020 as compared to Rs.549.07 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.338.06 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.368.24 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.15.85 for the period ended September 30, 2020 as compared to Rs.17.27 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 569.95 crs₹ 549.07 crsUp Tick 3.8%
Net Profit₹ 338.06 crs₹ 368.24 crsDown Tick -8.2%
EPS₹ 15.85₹ 17.27Down Tick -8.22%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1061.26 crores during the 6 months period ended September 30, 2020 as compared to Rs.1101.82 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.640.42 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.660.03 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.30.03 for the 6 months period ended September 30, 2020 as compared to Rs.30.96 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 1061.26 crs₹ 1101.82 crsDown Tick -3.68%
Net Profit₹ 640.42 crs₹ 660.03 crsDown Tick -2.97%
EPS₹ 30.03₹30.96Down Tick -3%

Highlights:

- QAAUM of ₹3,755 billion as of September 30, 2020 compared to ₹3,766 billion as on September 30, 2019, a fall of 0%. 13.6% market share in QAAUM of the mutual fund industry.

- QAAUM in actively managed equity-oriented funds i.e. equity oriented QAAUM excluding index funds stood at ₹1,436 billion as on September 30, 2020 with a market share of 14.1%. The AMC is the largest actively managed equity-oriented mutual fund manager in the country.

- The ratio of equity oriented AUM and non-equity oriented AUM is 41:59 compared to the industry ratio of 39:61.

- 2.98 million Systematic transactions with a value of ₹9.0 billion processed during the month of September 2020.

- Over 65,000 empaneled distribution partners across MFDs, National Distributors and Banks, serviced through a total of 223 branches of which 146 are in B-30 locations. The contribution of B-30 locations to our total monthly average AUM is 14.2%.

- As of September 30, 2020, 55.2% of the company's total monthly average AUM is contributed by individual investors compared to 52.0% for the industry.

- Market share of 14.1% of the individual monthly average AUM in the industry, making the company the most preferred choice of individual investors.

- Total Live Accounts stood at 9.3 million as on 30 September 2020. Unique customers as identified by PAN or PEKRN now stands at 5.5 million as on 30 September 2020 compared to 21.3 million for the industry.

Shares of HDFC Asset Management Company Ltd was last trading in BSE at Rs.2358.35 as compared to the previous close of Rs. 2336.95. The total number of shares traded during the day was 18307 in over 2641 trades.

The stock hit an intraday high of Rs. 2363 and intraday low of 2314. The net turnover during the day was Rs. 42936645.

Source : Equity Bulls

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