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HDFC Asset Management Company (HDFCAMC) investor relations material
HDFC Asset Management Company Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
AUM reached INR 8.7 trillion (₹8,728 bn) with a 12.9% market share in actively managed equity-oriented QAAUM and an investor base of 14.5 million.
Board approved unaudited financial results for Q2 and H1 FY26 and a 1:1 bonus share issue, pending approvals.
Two successful NFOs launched: HDFC Innovation Fund (INR 24 billion) and HDFC Diversified Equity All-Cap Active FOF (INR 11 billion).
Unique investor base reached 14.5 million, with 26 million live accounts and a network of 280 offices and 103k+ distribution partners.
Financial highlights
Q2 FY26 revenue from operations grew 16% year-over-year to INR 10,260 million (₹1,121.92 crore); PAT was INR 7,179 million (₹718.06 crore), up 24% year-over-year.
Operating profit for Q2 FY26 was INR 7,796 million, up 13% year-over-year.
Half-yearly FY26 revenue from operations rose 20% year-over-year to ₹19,938 mm; PAT up 24% to ₹14,659 mm.
Final dividend of ₹90 per equity share paid for FY25.
Total expenses were INR 2,464 million, including INR 211 million in non-cash ESOP/PSU charges.
Outlook and guidance
OPEX expected to grow 12%-15% annually; sustainable cost run-rate at 10-11 bps of AUM after ESOP costs.
Digital onboarding and transaction adoption increased, with 94% of customer onboarding now digital.
Focus on expanding presence in B30 towns, digital assets, ESG, and alternative investment platforms.
Bonus shares to be credited/dispatched within two months of board approval, no later than December 14, 2025.
Optimistic on SIP growth and long-term investor maturity despite short-term market volatility.
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