HDFC Asset Management Company (AMC) posted a 26.52 per cent increase in profit after tax (PAT) on 27 April to Rs 316.08 crore for the three months to March 2021.
In comparison, the company posted a PAT of Rs 249.83 crore in the same period a year ago, HDFC AMC said in a regulatory filing to the stock exchanges.
Total income increased 21.34 percent to Rs 545.57 crore from Rs 449.62 crore in the same quarter of the previous financial year.
The Board of Directors has proposed a final dividend of Rs 34 per share (face value of Rs 5 each) for the year ended 31 March 2021. This is subject to shareholders’ approval at the upcoming annual general meeting.
For the year ended March 2021, the company’s profit after tax climbed to Rs 1,325.76 crore from Rs 1,262.41 crore in the prior fiscal year.
Total income increased from Rs 2,143.43 crore to Rs 2,201.74 crore in 2019-20.
The company’s assets under management rose 12 per cent to Rs 4,15,600 crore by the end of March, compared to Rs 3,69,800 crore in March 2020, giving it a market share of 12.9 per cent.