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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.
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Q2 25/26 earnings summary15 Oct, 2025

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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Frequently asked questions

HDFC Asset Management Company Limited is a financial services firm that provides asset management services across various investment strategies. The company primarily offers mutual funds, including equity, debt, hybrid, and other schemes tailored to individual and institutional investors. It also manages portfolio management and advisory services, catering to a range of financial goals and risk appetites. The firm serves sectors such as retail, corporate, and high-net-worth individuals (HNIs), helping clients achieve wealth creation and financial stability through disciplined investment approaches. The company is headquartered in Mumbai, India, and its shares are listed on the NSE.

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