Q4FY22 Result Update - HDFC AMC - ICICI Direct

HDFC AMC reported a soft quarter on an overall basis.

- Closing AUM up 3.1% YoY to Rs. 4.1 lakh crore; equity AUM up 1.4% QoQ

- Revenue from operation up 2.7% YoY but down 6.1% QoQ to Rs. 516 crore

- Overall yields remain broadly steady at 51 bps QoQ

- PAT came in at Rs. 343 crore, below estimate, on soft topline performance

Key triggers for future price performance

- Expected improving fund performance to attract more inflows

- Launch of new NFOs across various segments could aid AUM growth

- To command premium valuations on account of superior return ratios and expected rise in business growth

- Market share loss should bottom out and could witness some stability

For details, click on the link below: Link to the report

Shares of HDFC Asset Management Company Limited was last trading in BSE at Rs. 2055.00 as compared to the previous close of Rs. 2072.15. The total number of shares traded during the day was 30823 in over 3774 trades.

The stock hit an intraday high of Rs. 2092.90 and intraday low of 2045.00. The net turnover during the day was Rs. 63530000.00.

Source : Equity Bulls

Keywords

HDFCAssetManagementCompany INE127D01025 HDFCAMC ICICIDirect Q4FY22 ResultUpdate