HDFC AMC to report strong growth in Q1

Our Bureau Updated - July 15, 2024 at 10:52 AM.

Kotak Institutional Equities expects HDFC Asset Management Company to report 20% y-o-y growth in the quarter under review, while sales may increase 35%

The board of HDFC Asset Management Company will be meeting on Monday to consider and approve the June quarter’s financial performance.

Analysts are expecting a 10 per cent increase in quarter-on-quarter AUM in Q1 FY25 for the domestic MF business, reconsidering a sharp rally in the equity market and benchmark indices. The fund house has one of the highest equity market share in the industry.

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Kotak Institutional Equities expects the fund house to report 20 per cent y-on-y growth in the quarter under review, while sales may increase 35 per cent.

“We expect 40 per cent year-on-year core PBT growth driven by 35 per cent y-on-y revenue growth and 18 per cent rise in expenses. Other income may remain stable year-on-year. Focus to remain on the stability of retail flows and outlook on flow market share,” said the brokerage house.

Published on July 15, 2024 05:22