HDFC AMC shares gained over 5.8% on Thursday, October 15, following the announcement of strong September quarter results that beat analyst estimates across multiple parameters. According to Business Standard, the stock was trading at ₹2,412.35 on the BSE after the results announcement, with this move helping the stock trim its year-to-date losses to 8.5%.
The asset management company delivered robust revenue growth with revenue increasing by 14% year-on-year to ₹1,170 crore in the July-September quarter of FY27, compared to ₹1,027 crore in the corresponding quarter of the previous fiscal. As reported by Business Standard, this figure exceeded analyst expectations of ₹1,128.8 crore, demonstrating strong operational performance during the quarter. HDFC Securities projects revenue growth of 21% to ₹6,809.2 crore and Motilal Oswal Financial Services expects revenue to rise 21% to ₹6,805.2 crore, indicating positive analyst sentiment on the company's growth trajectory.
Consolidated net profit rose 4.2% to ₹749 crore in Q2 FY27, compared to ₹718.43 crore in the year-ago period, as reported by Business Standard. The company's assets under management stood at ₹9.7 lakh crore as of September 2026, with an 11% market share in the asset management industry. Despite the profitability decline being primarily due to a 73% drop in other income, which is the more volatile part of earnings for asset management companies, driven mainly by market movements, the company's ability to exceed analyst expectations across revenue and EBITDA metrics contributed to the positive market response.
According to the latest exchange filing, total income declined 9% quarter-on-quarter to ₹1,241 crore, compared to ₹1,363 crore in the previous quarter. Despite the profitability decline, the net profit number was marginally higher than the poll expectation of ₹708 crore, as reported by CNBC TV18. Motilal Oswal Financial Services expects adjusted net profit to grow around 38% to ₹1,026.7 crore, indicating strong analyst confidence in the company's operational performance. The company's ability to exceed analyst expectations across revenue and EBITDA metrics contributed to the positive market response, with investors focusing on the overall operational performance rather than the sequential profit decline.
