HDFC AMC Q4FY26: Profit Falls To ₹623 Crore Despite Strong Revenue Growth

HDFC Asset Management Company (AMC) posted a mixed set of numbers for the quarter ended 31 March 2026. Revenue stayed strong, but profit slipped a little. For Q4FY26, the company posted a profit after tax (PAT) of around ₹623 crore, down about 2.5% year-on-year (YoY) from ₹638 crore in the same period last year. On a sequential basis, profit also fell sharply by about 19% compared to ₹769 crore in Q3FY26.

Even as profit declined, the company rewarded shareholders with a final dividend of ₹54 per share for FY26.

The closing price of HDFC AMC shares on 16 April 2026 on the NSE was ₹2,657.80, down 0.22%.

Key Q4 Numbers At A Glance

Revenue from operations rose about 17% YoY to around ₹1,051 crore, compared to about ₹901 crore last year. But when compared to Q3FY26’s ₹1,075 crore, it dropped 2.2%.

Higher costs and a sharp drop in other income also impacted its profitability.

• Other income fell significantly to just about ₹11 crore from ₹124 crore last year

• Total expenses increased to ₹229 crore from ₹190 crore

• Employee costs also rose to ₹125 crore from ₹97 crore

The core business is growing well, but net earnings have been affected by cost pressures and lower treasury income.

FY26 Performance Highlights

• PAT reached ₹2,858 crore, up 16% YoY

• Revenue from operations increased by around 17% and stood at ₹4,122 crore

The data shows that despite volatility in the final quarter, the company delivered steady growth across FY26.

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The Bottom Line

The company also saw improvement in operating performance during the year. Operating profit (before working capital changes) reached ₹3,369 crore as compared to ₹2,824 crore in the same period last year. This is an indication of strong core business momentum, even with pressure from market-linked income.

However, the quarterly performance highlights how asset management companies continue to be sensitive to market movements, especially through other income and treasury gains.

Sources:

Moneycontrol

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