HDFC Asset Management Company (HDFCAMC) Q4 25/26 earnings summary

Executive summary

• Achieved 20% year-over-year QAAUM growth to INR 9.3 trillion, with equity AUM at INR 6 trillion; closing AUM reached ₹8,440 bn as of March 31, 2026, up 12% YoY, despite an 8% QoQ decline.

• Added 3.5 million unique investors, reaching 16.7 million, and crossed 30 million total accounts.

• Launched seven new mutual fund schemes, expanded alternatives and international business, and incorporated a subsidiary in GIFT City.

• Digital adoption surged, with 97% of transactions now digital, up from 81% three years ago.

• Audited consolidated and standalone financial results for FY26 were approved, presenting a true and fair view under Indian Accounting Standards and SEBI regulations.

Financial highlights

• Total revenue for FY26 was INR 46.2 billion, with revenue from operations at INR 41.2 billion, up 18% year-over-year.

• Operating profit reached INR 32.1 billion, growing 18% year-over-year; operating margin at 35 bps of AUM.

• Profit after tax stood at INR 28.6 billion, a 16% year-over-year increase.

• Return on equity for FY26 was 32.9%.

• Basic EPS (consolidated) for FY26 was ₹66.77, up from ₹57.58 year-over-year (restated for bonus issue).

Outlook and guidance

• Focus remains on expanding systematic investment plans (SIPs), digital capabilities, and physical distribution.

• Plans to grow non-mutual fund businesses, including PMS, alternatives, and international funds.

• Continued expansion in B-30 cities, serving 98% of Indian pincodes.

• Emphasis on ESG and financial inclusion initiatives, including women’s financial independence and education outreach.

• No specific expense growth guidance, but costs expected to grow in line with business and investments in technology and people.