- HDFC AMC reported a net income of 6.38 billion rupees for the fourth quarter, surpassing estimates of 6.06 billion rupees.
- The company’s revenue reached 9.01 billion rupees, which was slightly below the expected 9.1 billion rupees.
- Total costs were 1.9 billion rupees, slightly better than the estimated 1.94 billion rupees.
- Other income was recorded at 1.24 billion rupees, experiencing a 21% decrease year-over-year, but exceeding the estimate of 940.5 million rupees.
- HDFC AMC declared a dividend of 90 rupees per share.
- Analysts’ recommendations include 21 buy ratings, 5 hold ratings, and 1 sell rating for HDFC AMC.
A look at HDFC Asset Management Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, HDFC Asset Management Co Ltd has a positive long-term outlook. With a top score of 5 in the Dividend category, the company excels in providing returns to its shareholders. Additionally, scoring a 4 in Growth, Resilience, and Momentum, HDFC Asset Management demonstrates strong potential in terms of growth, stability, and market performance.
HDFC Asset Management Co Ltd, operating as an investment management firm in India, offers a range of portfolio management and advisory services to various clients, including individuals, institutions, trusts, and investment companies. With its solid scores across different factors, HDFC Asset Management appears well-positioned to continue delivering value and growth to its stakeholders in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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