HDFC Asset Management Company (HDFCAMC) Q1 25/26 earnings summary

Executive summary

• Industry AUM reached INR 74.4 trillion as of June 2025, up 22% YoY, with equity-oriented AUM at INR 43 trillion, up 21% YoY.

• The company’s closing AUM crossed INR 8.57 trillion, growing 21% YoY, with a 12.8% market share in equity-oriented AUM.

• Profit after tax for Q1 FY26 was INR 7,480 million, up 24% YoY.

• Expanded customer base to 24.3 million live accounts and 13.7 million unique investors, with digital onboarding at 93%.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

Financial highlights

• Revenue from operations grew 25% YoY to INR 9,678 million in Q1 FY26.

• Operating profit rose 30% YoY, with a stable margin of 36 basis points of AUM.

• Profit before tax grew 31% YoY to INR 9,861 million; tax expenses increased 60%.

• Standalone profit after tax for Q1 FY26 was INR 7,479.2 million; consolidated profit after tax was INR 7,475.5 million.

• Final dividend of INR 90 per share for FY25 approved and paid in June 2025.

Outlook and guidance

• Remain constructive on debt funds, supported by RBI’s liquidity measures and positive interest rate outlook.

• No major new product launches planned in debt; already present in all SEBI-allowed categories.

• Focus on digital transformation, ESG integration, and expanding distribution and investor education.

• Industry AUM and net sales show robust YoY growth, supporting a positive outlook.