HDFC AMC Reports Slight Dip in Quarterly Profit Amid Revenue Growth and Strategic Appointment
HDFC Asset Management Company (AMC) reported a 2.4% decline in profit after tax (PAT) for Q1, March 2026. Revenue grew by 17% annually. A final dividend of Rs 54 per share was recommended. Rajan Anandan was appointed as an advisor on the Technology Committee, impacting strategic technological guidance.
- Country:
- India
In a significant financial update, HDFC Asset Management Company (AMC) has recorded a 2.4% dip in profit after tax (PAT) for the quarter ending March 2026, amounting to Rs 622.66 crore. This marks a decrease from the Rs 638.46 crore recorded during the same period the previous year.
Despite this decline in profit, the firm experienced a robust 17% growth in revenue year-on-year, reaching Rs 1,051.51 crore in the first quarter. In a move to benefit shareholders, the board has recommended a final dividend of Rs 54 per equity share for the financial year ending March 31, 2026, subject to the requisite approval.
On a strategic level, the board has enlisted Rajan Anandan as an invitee and external expert on its Technology Committee. Anandan, currently the Managing Director at Peak XV Partners, brings vast experience, including his tenure as Head of Google India and Southeast Asia, to guide HDFC AMC in technological matters over the next three years starting April 16, 2026.
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