HDFC AMC Q3 Profit Jumps 20% to ₹769 Cr, Beats Estimates; Stock Rises

• HDFC AMC reported a 19.8% YoY increase in net profit, reaching ₹769 crore in Q3.
• The Q3 profit surpassed market estimates of ₹730 crore, indicating strong performance.
• Total income for the company rose by 15% YoY to ₹1,074-1,075 crore, exceeding estimates.
• Strong results highlight HDFC AMC's stable business model and robust asset management activities.
• Improved operational performance and input control contributed to enhanced profitability.

Why It Matters: HDFC AMC's Q3 results show significant profit and income growth, beating market expectations.