Q2 2025 HDFC Asset Management Company Ltd Earnings Call Transcript
Key Points
- HDFC Asset Management Co Ltd (NSE:HDFCAMC) reported a significant growth in total income, reaching INR10,579 million, with a 38% year-over-year increase in revenue from operations.
- The company's operating profit grew by 47% year-over-year, amounting to INR6,881 million, indicating strong operational efficiency.
- HDFC Asset Management Co Ltd (NSE:HDFCAMC) achieved a market share of 11.5% with equity-oriented funds comprising 65.7% of their AUM, outperforming the industry average.
- The company has seen a substantial increase in systematic transactions, with over 10 million transactions amounting to INR36.8 billion in September 2024.
- HDFC Asset Management Co Ltd (NSE:HDFCAMC) has successfully expanded its unique investor base to 11.8 million, representing a 24% penetration in the industry.
- The company faced an additional deferred tax liability of INR69.75 crores due to changes in capital gains tax rates, impacting the PAT for the quarter.
- Despite positive net flows in debt and liquid funds, these were lower compared to the previous quarter ending June 2024.
- The company has experienced a decline in equity margins due to the telescopic pricing model, which continues to impact yields.
- HDFC Asset Management Co Ltd (NSE:HDFCAMC) did not have any new fund offerings (NFOs) this quarter, which affected their market share relative to competitors with active NFOs.
- The company is facing challenges in maintaining yield stability due to ongoing market dynamics and regulatory changes.
Ladies and gentlemen, good day, and welcome to Q2 FY25 earnings conference call of HDFC Asset Management Company Limited. (Operator Instructions) Please note, that this conference is being recorded.
From the management team, we have with us Mr. Navneet Munot, Mr. Naozad Sirwalla, and Mr. Simal Kanuga.
I now hand over this call to Mr. Simal Kanuga, who will give us a brief following which, we will proceed with the Q&A session. Thank you, and over to you, Simal.
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Thanks, Nirav. Good evening, everyone, and thank you for joining in. We'll start with some bit of a background on industry. So the industry reached an AUM of INR67 trillion with a number of unique investors crossing 50 million and folio count surpassing 210 million. Comparable AUM three years back, that is September '21 was INR37 trillion, a growth of INR30 trillion over the last three
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