HDFC AMC Q2 earnings: Profit rises 4.2% to ₹749 crore; AUM crosses ₹9.69 lakh crore

HDFC Asset Management Company (AMC) on Thursday reported a 4.2% year-on-year increase in consolidated profit after tax (PAT) to ₹749.9 crore for the second quarter of FY27, compared with ₹717.9 crore in the corresponding quarter of the previous fiscal. 

Revenue from operations rose 14% to ₹1,170 crore in the July-September quarter from ₹1,027 crore a year earlier, the asset management company said in a stock exchange filing. 

Operating profit increased 16.3% year-on-year to ₹906.9 crore in the September quarter, compared with ₹779.6 crore in the year-ago period. Profit before tax rose to ₹977.8 crore from ₹875.5 crore. 

Assets under management rise 11% 

HDFC AMC's quarterly average assets under management (QAAUM) increased 11% year-on-year to ₹9.69 lakh crore in the September quarter, compared with ₹8.81 lakh crore a year earlier. The company had an 11.1% market share of the mutual fund industry's QAAUM as of September 30, 2026. 

Its actively managed equity-oriented QAAUM, excluding index funds, stood at ₹6.09 lakh crore, giving it a 12.7% market share in the segment. 

Equity-oriented assets accounted for 67% of the company's QAAUM, while non-equity assets made up the remaining 33%. The industry's corresponding mix stood at 58:42. Individual investors contributed 70% of HDFC AMC's monthly average AUM in September, compared with 61% for the mutual fund industry. 

Half-year profit rises 8.3% 

For the six months ended September 30, 2026, HDFC AMC reported an 8.3% year-on-year increase in PAT to ₹1,588.2 crore, compared with ₹1,465.9 crore in the corresponding period last year. Operating profit for the first half of FY27 rose 13.1% to ₹1,734.5 crore from ₹1,533 crore. Profit before tax increased to ₹2,068 crore from ₹1,861.6 crore. 

The company processed 1.89 crore systematic transactions worth ₹4,800 crore in September 2026. Its total live accounts stood at 3.23 crore as of September 30, while unique customers identified through PAN or PEKRN reached 1.77 crore. 

HDFC AMC had more than 1.13 lakh empanelled distribution partners and operated through 280 offices, including 196 in B-30 locations, or cities beyond the top 30 mutual fund centres. These locations contributed 20% of its monthly average AUM in September. 

Shares of HDFC AMC rose 5.8% to close at ₹2,412.35 on the BSE on Thursday.