HDFC Asset Management Company released its quarterly and annual results for the fiscal year ending on March 31, 2023 on April 25, 2023. The company’s Q4FY23 revenue was Rs 540.95 crore, an increase of 4.78 percent year-over-year. The company’s operating profit increased by 10.76% year-over-year to Rs 507.41 crore, while its PAT increased by 9.50% year-over-year to Rs 376.20 crore.
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The company’s net sales for fiscal year 23 were Rs 2,115.36 crore, an increase of 14.19 percent year-over-year. The company’s operating profit increased by 5.76 percent year-over-year to Rs 1917.78 crore, while its PAT increased by 5.08 percent year-over-year to Rs 1393.13 crore.
The company’s board of directors has recommended a dividend of Rs 48.00 per Rs 5 par value equity share for the fiscal year ending on March 31, 2023. The dividend is contingent on shareholder ratification at the upcoming Annual General Meeting. If shareholders approve the dividend, it will be distributed beginning the day after the next Annual General Meeting.
Today, the opening price of HDFC Asset Management Company stock was Rs 1784.95, with a high of Rs 1784.95 and a low of Rs 1749.70. The stock is currently trading at Rs 1757.00, down 0.50 percent. The 52-week high for the stock is Rs 2314 and the 52-week low is Rs 1595.25.