HDFC Asset Management Company Shares Surge 5% Following Strong Q4 Results
HDFC AMC jumps 5% post Q4 results; Motilal Oswal retains buy for 18% upside
Business Standard
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HDFC Asset Management Company (AMC) shares rose nearly 5% after reporting solid Q4 results for the fiscal year ending March 2026. Despite a 2.4% decline in consolidated profit after tax to ₹622.66 crore, revenue grew by 17% year-on-year, prompting Motilal Oswal to maintain a 'Buy' rating with an 18% upside target.
- 01HDFC AMC shares increased by nearly 5% after Q4 results.
- 02Consolidated profit after tax fell 2.4% to ₹622.66 crore.
- 03Revenue from operations grew 17% year-on-year to ₹1,051.51 crore.
- 04Motilal Oswal maintains a 'Buy' rating with a target price of ₹3,170.
- 05The company added 3.5 million investors, boosting its total to 16.7 million.
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Shares of HDFC Asset Management Company (AMC) rose nearly 5% in early trading after the company reported its financial results for the fourth quarter of the fiscal year ending March 2026. The stock reached a high of ₹2,789 on the National Stock Exchange (NSE). HDFC AMC's consolidated profit after tax (PAT) decreased by 2.4% to ₹622.66 crore, down from ₹638.46 crore in the same quarter last year. However, the company's revenue from operations saw a robust 17% year-on-year growth, reaching ₹1,051.51 crore. For the full fiscal year, HDFC AMC's profit grew by 16% to ₹2,858.06 crore, while revenue increased by 18% to ₹4,122.16 crore. The board has also proposed a final dividend of ₹54 per equity share for the fiscal year. Motilal Oswal has reiterated a 'Buy' rating on HDFC AMC, setting a target price of ₹3,170, which suggests an upside of around 17% from the current market price. The brokerage emphasized that HDFC AMC's non-mutual fund business will contribute to future growth, and it expects the company's revenue to grow at a compound annual growth rate (CAGR) of 13% over the next few years.
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The growth in HDFC AMC's revenue and investor base could lead to increased investment opportunities and better returns for shareholders, benefiting the broader financial market.
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