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HDFC Mutual Fund net profit jumps 15% to Rs 206 crore

Tuesday, October 30, 2018, 6:05 PM

HDFC Asset Management Company, which went public during the second quarter, Monday reported a 15% jump in net profit at Rs 205.9 crore for the three months to September. Total revenue of the second-largest mutual fund house, rose 13% to Rs 515 crore, the company said in a statement, adding revenue from operations grew by 12% to Rs 480 crore.
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HDFC AMC net profit jumps 15% to Rs 206crore

Tuesday, October 30, 2018, 9:40 AM

HDFC AMC posted a 15% increase in its net profit at `205.9 crore for the three months ended September on the back of similar growth in revenues. Revenue of HDFC AMC for the quarter rose 13% to `515.3 crore. While the operating profit for the quarter was `262.3 crore compared to `236.6 crore for the quarter ended September 30, 2017, an increase of 11%.
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HDFC AMC IPO subscribed 35% in the first few hours on Day 1

Wednesday, July 25, 2018, 3:51 PM

The initial public offer of HDFC Asset Management Company was subscribed 35% within the first few hours on the first day of bidding today. The mutual fund firm's Rs 2,800-crore public offer received bids for 64,90,705 shares against the total issue size of 1,88,04,290 shares, data available with the NSE till 1215 hrs showed.

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