HDFC AMC Q3 FY26 Results: PAT jumps by one-fifth to Rs 769 crore, beats estimates; shares jump

HDFC AMC Q3 FY26 Results: Fund house HDFC Asset Management Company (AMC) on Wednesday reported a consolidated net profit of Rs 769.4 crore for the quarter ended December 31, marking a 20 per cent jump over the corresponding period a year ago that exceeded analysts' expectations. The fund manager's third-quarter top line was also better than expectations.

The company's robust financial performance mirrors a significant spike in the country's retail investor base in the post-COVID years.

HDFC AMC Q3 FY26 Earnings | Profit & revenue beat Street estimates

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Both its top and bottom lines exceeded analysts' expectations. HDFC AMC registered consolidated revenue of Rs 1,075.1 crore for the October-December period, up 15 per cent on a year-on-year basis.

According to Zee Business research, HDFC Asset Management Company was estimated to log a net profit of Rs 711.7 crore with Rs 1,055.5 crore in revenue for the December quarter.

HDFC AMC operating performance

HDFC AMC’s profit before tax (PBT) increased 22 per cent to Rs 1,035 crore, excluding non-cash charges related to employee stock expenses, the company said.

The company's operating margin shrank by 22 basis points -- or 0.22 percentage point -- to 81.52 per cent compared with the year-ago period, according to a regulatory filing.

The margin -- a key measure of profitability -- was better than estimates.

Zee Business analysts had pegged the fund house's quarterly margin at 79.5 per cent.

HDFC AMC | Live accounts surge by one-fourth

The company's total live accounts increased 25.3 per cent to 2.77 crore, as of December 31.

HDFC AMC share price

After the earnings announcement, the HDFC AMC stock rose 2.7 per cent to close at Rs 2,553 apiece on BSE.

At the current level, the stock has risen 32 per cent in a year, sharply outperforming a 10.7 per cent gain in the Nifty50.

HDFC AMC shares, however, have made a weak start to the year.

The stock is down 4.2 per cent on a year-to-date basis, worse than a 2.0 per cent drop in the 50-scrip benchmark.