HDFC Asset Management Company profit up 25%

HDFC Asset Management Company profit up 25%

FPJ BureauUpdated: Wednesday, May 29, 2019, 06:52 AM IST
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New Delhi : HDFC Asset Management Company on Tuesday reported a 25 per cent surge in net profit at Rs 205.26 crore for three months ended June 30 this year.

The fund house had a profit of Rs 164.57 crore in the April-June quarter of 2017-18, HDFC AMC said. The company’s total revenues rose to Rs 501.15 crore from Rs 417 crore in the quarter ended June 30, 2017. Total expenses shot up by 12 per cent to Rs 206.5 crore.

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