HDFC Asset Management Company (HDFCAMC) Q4 25/26 earnings summary

Executive summary

• Achieved 20% year-over-year QAAUM growth to INR 9.3 trillion, with equity AUM at INR 6 trillion; closing AUM reached ₹8,440 bn as of March 31, 2026, up 12% YoY but down 8% QoQ.

• Added 3.5 million unique investors, reaching 16.7 million, and total accounts surpassed 30.2 million.

• Launched seven new mutual fund schemes, expanded alternatives and international business, and incorporated a wholly owned subsidiary in GIFT City.

• Digital adoption reached 97% of transactions, up from 69% six years ago, with a focus on digital transformation and multi-channel distribution.

• Audited consolidated and standalone financial results for FY26 were approved, presenting a true and fair view in accordance with Indian Accounting Standards and SEBI regulations.

Financial highlights

• Total revenue for FY26 was INR 46.2 billion, with operational revenue at INR 41.2 billion, up 18% year-over-year; consolidated revenue from operations was ₹4,122.16 crore.

• Operating profit grew 18% to INR 32.1 billion; operating margin at 35 bps of AUM, stable YoY.

• Profit after tax rose 16% to INR 28.6 billion year-over-year; consolidated PAT for FY26 was ₹2,858.06 crore.

• Return on equity for FY26 was 32.9%; basic EPS (consolidated) for FY26 was ₹66.77.

• Board recommended a dividend of INR 54 per share, payout ratio at 81%, subject to shareholder approval.

Outlook and guidance

• Focus on expanding systematic investment plans (SIPs), strengthening both physical and digital distribution, and continued investment in digital and AI capabilities.

• Selective approach to new product launches, prioritizing investment-led and client-need-driven offerings.

• Continued expansion in B-30 cities, serving 98% of Indian pincodes, and emphasis on ESG and financial inclusion initiatives.

• Management expects no material financial impact from new labour codes, with policies remaining more beneficial than statutory requirements.