- HDFC Asset Management Company’s (AMC) net income for the first quarter reached 7.48 billion rupees, marking a 24% increase year-on-year and surpassing the estimate of 6.78 billion rupees.
- Revenue climbed to 9.68 billion rupees, showing a 25% rise compared to the previous year and beating the projected figure of 9.43 billion rupees.
- Total costs were recorded at 2.14 billion rupees, representing a 9.2% increase from the same period last year.
- Other income experienced a significant jump to 2.33 billion rupees, up by 35% year-on-year and exceeding the estimate of 1.47 billion rupees.
- Market analysts have given 21 buy recommendations, 6 hold, and 1 sell on HDFC AMC’s stock.
A look at HDFC Asset Management Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for HDFC Asset Management Co Ltd, it appears to be quite positive overall. Smartkarma Smart Scores rate the company with a strong Dividend score of 5, indicating a solid performance in this area. Additionally, HDFC Asset Management received high scores in both Growth and Resilience with a score of 4 for each, showcasing its ability to sustain growth and navigate challenges effectively. Momentum, another key factor, also scored well at 5, suggesting a favorable market momentum for the company. Although the Value score is lower at 2, the overall outlook for HDFC Asset Management Co Ltd seems promising based on its strong performance across other key factors.
Summary: HDFC Asset Management Co. Ltd. is an investment management firm operating in India. Providing portfolio management and advisory services to a diverse range of clients including individuals, institutions, trusts, private funds, charitable organizations, and investment companies. With notable strengths in Dividend, Growth, Resilience, and Momentum according to Smartkarma Smart Scores, HDFC Asset Management Co Ltd appears well-positioned for long-term success in the investment management sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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