HDFC AMC net profit dips marginally to ₹623 crore; declares ₹54 per share dividend

HDFC Asset Management Company reported a decline in its March 2026 quarter earnings on both a year-on-year and sequential basis, while missing street estimates.Standalone profit after tax (PAT) came in at ₹623.3 crore, down 2% from ₹638.7 crore in the year-ago quarter and 19% lower than ₹769 crore reported in the December quarter.

The figure also fell short of the CNBC-TV18 poll estimate of ₹644 crore.
Revenue for the quarter stood at ₹1,051 crore, down 2.2% sequentially from ₹1,075 crore and slightly below the estimated ₹1,056 crore.
For the full financial year FY26, PAT rose 16% year-on-year to ₹2,859.4 crore, compared with ₹2,461.1 crore in FY25.The board has recommended a final dividend of ₹54 per share.

The company also approved grants under its employee compensation framework. The Nomination and Remuneration Committee, at its meeting held on April 16, cleared the issuance of stock options and performance-linked stock units.

The total grant covers 70,535 equity shares, comprising a mix of employee stock options and performance-linked units. Vested stock options can be exercised within four years from the respective vesting dates, while performance-linked units will be subject to defined vesting conditions.

The company also approved the appointment of Rajan Anandan as an Invitee and External Expert on the Technology Committee, a sub-committee of the Board of Directors, to provide an independent, high-level guidance and advise in the technology-related matters.

Anandan’s appointment is for a period of three (3) years, effective from April 16, in accordance with the terms approved by the Board.

Shares of HDFC AMC were trading over 1% down to ₹2,620 apiece on the BSE following the announcement.

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