HDFC AMC Profit Dips 2.4% to ₹623 Cr in Mar Qtr

HDFC Asset Management Company (AMC) on Thursday reported 2.4 per cent decline in consolidated profit after tax (PAT) at Rs 622.66 crore for the three months ended March 2026.

The company posted a PAT of Rs 638.46 crore in the year-ago period, the fund house said in a regulatory filing.

However, revenue from operations grew 17 per cent year-on-year to Rs 1,051.51 crore in the quarter under review.

The company's board has recommended a final dividend of Rs 54 per equity share for financial year ended March 31, 2026. This is subject to shareholders' approval.

For full financial year FY26, the fund house's profit after tax grew 16 per cent year-on-year to Rs 2,858.06 crore, and revenue from operations rose 18 per cent to Rs 4,122.16 crore.

Also, the board approved the appointment of Rajan Anandan as an invitee and external expert on the Technology Committee to provide an independent, high-level guidance and advise in the technology-related matters. His appointment is for a period of three years, effective April 16, 2026.

Anandan is currently a Managing Director at Peak XV Partners, a venture capital and growth investment firm. Prior to joining Peak XV, he had served as Head of Google India and Southeast Asia.

HDFC AMC is an Investment Manager for HDFC Mutual Fund, one of the leading mutual funds in the country.

Shares of HDFC AMC settled 0.06 per cent down at Rs 2,662.60 apiece on the BSE. P