HDFC AMC Q3 Results: AUM Jumps 5%, Profit Soars 15% on Lower Expenses

• HDFC AMC reported Q3 results largely in line with street expectations, with its stock ending higher.
• Quarterly Average Assets Under Management (AUM) grew 5% sequentially to ₹9.24 lakh crore, matching industry growth.
• The company maintained its overall market share, with Equity QAAUM market share rising 10 basis points to 13%.
• Revenue increased 4.6% to ₹1,075 crore, and operating profit surged 9% to ₹876 crore due to a 28% drop in other expenses.
• Adjusted net profit rose 15% quarter-on-quarter to ₹769.42 crore, driven by lower expenses and a 65% jump in other income.

Why It Matters: HDFC AMC's Q3 performance shows strong AUM growth, increased profitability, and maintained market share.