HDFC AMC net profit rises 5% to Rs 369.26 crore in third quarter

NEW DELHI: HDFC Asset Management Company (AMC) reported a 5% increase in profit af ter tax at Rs 369.26 crore for three months ended December 31.

In comparison, it had posted a profit af ter tax (PAT) of Rs 352.55 crore in the year-ago period, HDFC AMC said in a regulator y filing to stock exchanges. Total income grew to Rs 594.91 crore in the quarter under review from Rs 591.99 crore in the three months ended December 31, 2019.

The company's average asset under management ( AAUM) surged 10% to Rs 4.06 lakh crore as of December 31, 2020 from Rs 3.69 lakh crore as on December 31, 2019.