HDFC AMC Q1FY21 results; consolidated net profit rises by 3.62 per cent YoY

HDFC Asset Management Company (AMC), investment manager to the schemes of HDFC Mutual Fund announced its quarterly results on July 23, 2020. The company posted a consolidated net profit of Rs 302.36 crore for Q1FY21, which increased by 3.62 per cent, as compared to Q1FY20 when it reported Rs 291.79 crore.                                                                                                                                                    

The consolidated net sales reported in Q1FY21 came in at Rs 411.49 crore, which declined by 18.42 per cent YoY from Rs 504.39 crore in Q1FY20. At EBITDA level, the company stood at Rs 316.48 crore in Q1FY21 that decreased by 20.03 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 395.73 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 76.91 per cent that declined by 1.55 per cent YoY. The net profit margin in Q1FY21 came in at 73.48 per cent, which increased by 15.63 per cent YoY. The net profit margin in Q1FY20 was at 57.85 per cent.                           

HDFC AMC closed in red at Rs 2,501.8 with a decline of 0.12 per cent on BSE.