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• AUM: INR65.7 trillion, reflecting a 23% increase over the previous year.

• Net New Flows: INR8.2 trillion, compared to INR3.5 trillion in the previous year.

• Equity-Oriented Net Flows: First half: INR2.81 trillion; Second half: INR2.74 trillion.

• Actively Managed Equity-Oriented NFOs: INR900 billion, 18% of net new flows.

• Monthly SIP Flows: Record high of INR265 billion in December 2024; INR259 billion in March 2025.

• Debt and Liquid Fund Inflows: INR1.35 trillion.

• ETF Inflows: INR831 billion.

• Arbitrage Fund Inflows: INR508 billion.

• Overall AUM: Crossed INR7.5 trillion with a market share of 11.5%.

• Equity-Oriented Assets: INR5 trillion, 64% of quarterly average AUM.

• Revenue from Operations: INR34,980 million, growth of 35% YoY.

• Operating Profit: INR27,261 million, growth of 43% YoY.

• Operating Profit Margin: 36 basis points of AUM.

• PAT: INR24,609 million, growth of 26% YoY.

• Dividend: INR90 per share, up from INR70 per share last year, with a payout ratio of 78%.

• New Offices: Added 50 new offices over the past 15 months, totaling 280 offices.

• Digital Transactions: 94% of transactions processed digitally.

• Warning! GuruFocus has detected 1 Warning Sign with NSE:HDFCAMC.

Release Date: April 17, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• HDFC Asset Management Co Ltd (NSE:HDFCAMC) reported a 35% year-over-year growth in revenue from operations, reaching INR34,980 million.

• The company's operating profit for FY25 increased by 43% year-over-year, totaling INR27,261 million, with an operating profit margin of 36 basis points of AUM.

• The company achieved a significant milestone by crossing INR7.5 trillion in overall AUM, with a market share of 11.5% and 12.7% excluding ETFs.

• Individual investors contributed 70% to the company's monthly average AUM, significantly higher than the industry average of 60%.

• HDFC Asset Management Co Ltd (NSE:HDFCAMC) expanded its physical presence by adding 50 new offices over the past 15 months, bringing the total to 280 offices, with 196 located beyond the top 30 cities.

Negative Points

• The revenue yield declined by about 100 basis points in the quarter, attributed to a mix change.

• The company announced a new ESOP plan, which could potentially increase costs, although the specific financial impact is yet to be determined.

• SIP ticket size showed a decline of around 10-12% on a year-over-year basis, indicating potential softness in incremental volumes.

• The company's SIP market share has been soft over the last two quarters, with a decline in the number of new SIP registrations.

• There is a concern about higher SIP stoppages compared to new creations, which could impact future SIP flows if the trend continues.