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HDFC Asset Management Company Ltd

| Audited Standalone Results – Q4 & FY Ended March 31, 2026

Report Source

⬤16th Apr 26

Summary : HDFC AMC reported strong FY26 financial results, recommended dividend, and issued bonus shares.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Total Expenses: ₹907.08 Crore (FY26), ₹771.82 Crore (FY25).
  2. Consolidated Total Expenses: ₹913.05 Crore (FY26), ₹774.52 Crore (FY25).
  3. Employee Benefit Expenses (Standalone): ₹480.88 Crore (FY26), ₹388.25 Crore (FY25).
  4. Employee Benefit Expenses (Consolidated): ₹482.13 Crore (FY26), ₹389.35 Crore (FY25).
  5. Standalone Revenue from Operations: ₹4,118.53 Crore (FY26), ₹3,498.03 Crore (FY25).
  6. Standalone Other Income: ₹498.73 Crore (FY26), ₹560.23 Crore (FY25).
  7. Consolidated Revenue from Operations: ₹4,122.16 Crore (FY26), ₹3,498.44 Crore (FY25).
  8. Consolidated Other Income: ₹500.04 Crore (FY26), ₹561.66 Crore (FY25).
  9. Standalone Net cash from operating activities: ₹2,530.09 Crore (FY26), ₹2,076.70 Crore (FY25).
  10. Standalone Net cash from investing activities: (₹645.00) Crore (FY26), (₹600.26) Crore (FY25).
  11. Standalone Net cash from financing activities: (₹1,885.70) Crore (FY26), (₹1,475.07) Crore (FY25).
  12. Consolidated Net cash from operating activities: ₹2,527.81 Crore (FY26), ₹2,074.80 Crore (FY25).
  13. Standalone Total Assets: ₹9,988.39 Crore (Mar 2026), ₹8,753.63 Crore (Mar 2025).
  14. Standalone Total Equity: ₹9,231.09 Crore (Mar 2026), ₹8,134.14 Crore (Mar 2025).
  15. Consolidated Total Assets: ₹9,991.44 Crore (Mar 2026), ₹8,750.66 Crore (Mar 2025).
  16. Consolidated Total Equity: ₹9,228.71 Crore (Mar 2026), ₹8,129.99 Crore (Mar 2025).
  17. Both standalone and consolidated financial results are presented and audited.
  18. Consolidated results include HDFC AMC International (IFSC) Limited.

Corporate Overview

  1. Operates in India.
  2. Has a subsidiary, HDFC AMC International (IFSC) Limited, implying international presence.
  3. Re-assessed income tax position during Q2 FY26.
  4. Changes in capital gains tax rates and indexation benefit withdrawal.
  5. Implementation of 4 New Labour Codes (NLC).
  6. Providing asset management services to mutual funds.
  7. Offering alternative investment funds and portfolio management.
  8. Providing advisory services to clients.
  9. No separate reportable segments as per Ind AS 108.

Risk Factors

  1. Changes in capital gains tax rates.
  2. Withdrawal of indexation benefit.
  3. Potential impact of new labor codes.
  4. Ongoing regulatory compliance requirements.

Key Drivers

  1. Recommended final dividend of Rs. 54.
  2. Approved 1:1 bonus share issuance.
  3. Increased profit after tax for FY26.
  4. Employee stock options exercised.

Auditor’s Report

  1. Unmodified opinion on standalone annual financial results.
  2. Unmodified opinion on consolidated annual financial results.

Board Commentary

  1. Recommended a final dividend of Rs. 54/- per equity share for FY26, subject to shareholder approval.
  2. Paid a final dividend of Rs. 90 per equity share (pre-bonus) for FY25.
  3. Changes in capital gains tax rates and withdrawal of indexation benefit.
  4. Potential impact of new labor codes.
  5. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  6. Compliance with AMC Share Dealing Code and SEBI (Prohibition of Insider Trading) Regulations, 2015.
  7. Impact of Finance (No.2) Act 2024 on capital gains tax.
  8. Implementation of 4 New Labour Codes (NLC) effective November 2025.
  9. Issued 1:1 fully paid-up bonus shares by capitalising Capital Redemption Reserve and Securities Premium Account.
  10. Allotted 91,689 equity shares due to exercise of stock options by employees.

Corporate Governance

  1. Auditors adhere to Code of Ethics by ICAI.
  2. Audit Committee of Directors reviewed financial results.

Management Discussion & Analysis

Risk Control Measures

  1. Existing employee benefit policies are more beneficial than NLC requirements, resulting in no material financial impact from NLC.

Critical Risks

  1. Changes in capital gains tax rates as per Finance (No.2) Act 2024.
  2. Withdrawal of indexation benefit for long-term capital gains.
  3. Implementation of 4 New Labour Codes (NLC) effective November 2025.
HDFC Asset Management Company Ltd (HDFCAMC) Quarterly Report Analysis & Insights | Dhanarthi