Categories
RESULTS

Q1 RESULTS FOR HDFC AMC :EXPLAINED IN DETAIL ?

HDFC AMC posted a 3.62 percent year-on-year (YoY) ascend in net profit at Rs 302.36 crore for the quarter finished June 30. It had posted a net benefit of Rs 291.79 crore in the comparing quarter a year ago.

Fall in absolute use for the most part upheld the main concern of shared store house during the quarter under audit. It posted a 43.52 percent YoY plunge in complete expense consumption at Rs 78.01 crore in Q1FY21 over Rs 138.13 crore in a similar period a year ago.

Then again, absolute pay of the organization declined 11.11 percent YoY to Rs 491.31 crore during the April-June period.

Income of the Company is at last subject to the estimation of the benefits under administration (AUM) it oversees, changes in economic situations and the pattern of streams into common assets may affect its activities. Since the circumstance is as yet developing and it appears to be likely that there will be a material effect on the economy.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

Leave a Reply