HDFC AMC shares jump over 5% on strong Q3 earnings; Right time for entry?

HDFC AMC share price: HDFC Asset Management Company (AMC) shares surged over 5 per cent on Wednesday after the firm reported a robust third-quarter performance. At the time of writing, the stock was trading at Rs 2,654.30, up Rs 100.20 or 3.92 per cent. The stock opened at Rs 2,580.20 and touched an intraday high of Rs 2,696.00. HDFC AMC’s market capitalization stands at Rs 1.14 lakh crore, with a 52-week high of Rs 2,967.25 and a low of Rs 1,781.52.

Strong quarterly results

For the quarter ended December 31, 2025, HDFC AMC posted a 20 per cent year-on-year rise in profit after tax (PAT) at Rs 770 crore, up from Rs 641.5 crore in the same quarter last year. Revenue from operations increased 15 per cent to Rs 1,074.3 crore, compared with Rs 934.3 crore a year ago.

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The company’s average assets under management (AAUM) jumped to Rs 9.25 lakh crore as of December 31, 2025, from Rs 7.87 lakh crore a year earlier. HDFC AMC serves 1.54 crore unique investors across 2.77 crore live accounts, supported by 280 offices, over 1.06 lakh distribution partners, and modern digital platforms.

For the nine-month period ending December 31, 2025, PAT rose 23 per cent to Rs 2,236 crore from Rs 1,822 crore a year earlier. Revenues climbed 18 per cent to Rs 3,068 crore from Rs 2,597 crore in the same period of FY25.

HDFC AMC Share: Right time for entry?

Nomura maintained a “Buy” rating on HDFC AMC with a revised target of Rs 2,950, citing strong PAT performance, lower operating expenses, and robust other income. HSBC retained a “Hold” with a raised target of Rs 2,580, highlighting higher treasury gains and stable AUM market share. CLSA upgraded the stock to “Accumulate” with a target of Rs 3,000, noting sequential equity AUM growth, robust systematic flows of Rs 4,700 crore per month, and a 33 per cent quarterly jump in ETFs on gold and silver demand.

Analysts expect the new TER regulations to modestly impact equity yields but noted no significant effect from labour code changes. HDFC AMC’s strong QAAUM growth, buoyant markets, and controlled expenses are key positives for the stock.