HDFC AMC Q2 PAT falls 8 pc to Rs 338 cr

HDFC Asset Management Company (AMC) on Thursday reported a 8 per cent decline in profit after tax (PAT) at Rs 338.06 crore for the three months ended September 30.

HDFC AMC had posted a PAT of Rs 368.24 crore in the year-ago period, HDFC AMC said in a regulatory filing to the stock exchanges.

HDFC AMC total income rose to Rs 569.95 crore in the quarter under review from Rs 549.07 crore in the corresponding quarter a year ago.

HDFC AMC's average asset under management (AAUM) stood at Rs 3.75 lakh crore as of September 30, 2020 as against Rs 3.76 lakh crore on September 30, 2019.

The story has been taken from a news agency