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

By Kotak News Desk
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17 Apr 2026 at 9:51 AM IST
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Market News
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Summary

HDFC AMC reported 17% revenue growth, though Q4FY26 profit dipped to ₹623 crore. Even then, FY26 turned out to be strong, with 16% profit growth. Shareholders will also receive a dividend of ₹54 per share.

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.

Also Read - Shares to Watch on 17 April 2026: Wipro, HDFC Life Insurance, Axis Bank and More

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

ETNow

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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