Earnings call · Jul–Sep 2026
HDFC Asset Management Company Limited
Jul–Sep 2026: HDFC AMC's quarterly average AUM (assets under management: the total loans or funds a company looks after) reached ₹9.69 trillion, up 10% from a year earlier, with revenue growing 14% to ₹1,170 crore & operating profit up 16% to ₹910 crore. The company expanded into alternatives & international funds while maintaining cost discipline.
The full notes: the guidance, numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Simal KanugaChief Investor Relations Officer
- Naozad SirwallaChief Financial Officer
- Navneet MunotManaging Director and Chief Executive Officer
Questions came from
- Devesh AgarwalIIFL Capital
- Mahek AroraGoldman Sachs
- Ronak ChhedaAwriga Capital
- Shreyas PimpleNomura
- Jaspreet SinghIndividual Investor
- Aadit VaishIndividual Investor
- SaurabhIndividual Investor
- MayankEmkay Global
- Rajit AggarwalNilgiri Advisors
- Divij PunjabiBanyan Tree Advisors
- Shovan DeyReva Private Wealth Managers
- K. D. RajIndividual Investor
Topics in this call
Opening remarks
Simal KanugaChief Investor Relations Officer
Thanks. Good evening, everyone, and thank you for joining us. Let me begin with a quick overview of the industry. The quarter began positively with Nifty 50 gaining about 2% in July, followed by a modest decline in August and a sharper 6% correction in September. Overall, markets ended the quarter down around 5%.
Equity-oriented funds attracted net inflows of INR1,161 billion during the quarter. September marked the 67th consecutive month of positive equity flows, a remarkable streak dating back to March of 2021. SIPs continued their steady growth with monthly contributions reaching a new high of INR325 billion in September compared with INR294 billion a year ago and INR318 billion in June of 2026.
Read the whole call: 173 paragraphs, 12 analysts' questions with every answer, 8 marked passages.
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