| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,170 | 1,027 | +13.9% |
| EBITDA | 930 | 801 | +16.1% |
| EBITDA margin | 79.5% | 77.9% | +1.5 pts |
| Profit before tax | 977 | 876 | +11.5% |
| Net profit | 749 | 718 | +4.2% |
| EPS | ₹17.46 | ₹33.58 | −48.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 98,532 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3.4 | 11.6 | 12.1 | 10.3 | 4.5 | ||
| 98,529 | — | — | — | — | ||
| 4,397 | 4,122 | 3,498 | 2,584 | 2,167 | ||
| — | +17.8% | +35.4% | +19.3% | — | ||
| 3,502 | 3,295 | 2,792 | 1,957 | 1,617 | ||
| 79.6% | 79.9% | 79.8% | 75.7% | 74.6% | ||
| 3,423 | 3,222 | 2,733 | 1,905 | 1,564 | ||
| 2,978 | 2,858 | 2,460 | 1,943 | 1,423 | ||
| 67.7% | 69.3% | 70.3% | 75.2% | 65.7% | ||
| ₹69.51 | ₹66.71 | ₹57.43 | ₹45.35 | ₹33.23 | ||
| — | +16.2% | +26.6% | +36.5% | — | ||
| — | 2,528 | 2,075 | 1,615 | 1,149 | ||
| — | −22.6 | −44.8 | −19.0 | −14.1 | ||
| 2,505 | 2,505 | 2,030 | 1,596 | 1,135 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 98,532.0 | |
| - Cash, Equiv & ST Investments | 4.5 | 10.3 | 12.1 | 11.6 | 3.4 | |
| Enterprise Value | — | — | — | — | 98,528.6 | |
| Revenue | 2,166.8 | 2,584.4 | 3,498.4 | 4,122.2 | 4,396.6 | |
| Growth %, YoY | — | +19.3 | +35.4 | +17.8 | — | |
| EBITDA | 1,617.3 | 1,957.4 | 2,791.9 | 3,295.3 | 3,501.8 | |
| Margin % | 74.64 | 75.74 | 79.80 | 79.94 | 79.65 | |
| EBIT | 1,563.9 | 1,905.1 | 2,733.3 | 3,222.4 | 3,422.8 | |
| Net Income | 1,423.4 | 1,942.7 | 2,460.2 | 2,858.1 | 2,977.9 | |
| Margin % | 65.69 | 75.17 | 70.32 | 69.33 | 67.73 | |
| EPS, Adj (current shares) | 33.23 | 45.35 | 57.43 | 66.71 | 69.51 | |
| Growth %, YoY | — | +36.5 | +26.6 | +16.2 | — | |
| Cash from Operations | 1,149.4 | 1,614.7 | 2,074.8 | 2,527.8 | — | |
| Capital Expenditures | -14.1 | -19.0 | -44.8 | -22.6 | — | |
| Free Cash Flow | 1,135.3 | 1,595.7 | 2,030.0 | 2,505.2 | 2,505.2 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
HDFC Asset Management (NSE: HDFCAMC) had a market capitalisation of ₹99,405 crore at the 29 October 2026 close (₹2,316.70 a share), a PE ratio of 33.4 on the last four quarters' profit and a price-to-book ratio of 11.53. In FY26 its consolidated net profit was ₹2,858 crore on revenue of ₹4,122 crore; in Q2 FY27 (July–September 2026) it was ₹749 crore, up 4.2% year on year. It had no borrowings on 30 September 2026. Promoters held 52.29% of the shares on 30 September 2026.
HDFC AMC's PE ratio is 33.4 at the 29 October 2026 close (₹2,316.70 a share): a market capitalisation of ₹99,405 crore divided by consolidated net profit of ₹2,978 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹2,858 crore) it is 34.8.
HDFC AMC's net worth — shareholders' equity in its consolidated balance sheet — was ₹8,618 crore on 30 September 2026, up 11.3% from ₹7,741 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹99,405 crore at the 29 October 2026 close.
In FY26, HDFC AMC's return on equity (ROE) was 32.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year). In FY25, ROE was 32.4%.
HDFC AMC's price-to-book (PB) ratio is 11.53 at the 29 October 2026 close: a market capitalisation of ₹99,405 crore divided by shareholders' equity (book value) of ₹8,618 crore on 30 September 2026. That is a book value of ₹200.85 per share against a share price of ₹2,316.70.
Promoters held 52.29% of HDFC AMC on 30 September 2026, down 0.05 percentage points from 52.34% the previous quarter and down 0.13 percentage points from 52.42% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, HDFC AMC's shares were held by promoters 52.29%, foreign portfolio investors (FII/FPI) 24.07%, domestic institutions (DII) 14.57% (including mutual funds at 8.25%) and retail and other non-institutional investors 9.06%. Over the year, FII holding was down 0.62 percentage points from 24.69% and DII holding was up 0.44 percentage points from 14.13%.
HDFC AMC's market capitalisation was ₹99,405 crore at the 29 October 2026 close: 42.91 crore shares at ₹2,316.70 each.
Yes. HDFC AMC had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹45.1 crore of cash, bank balances and current investments.
HDFC AMC's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹8,618 crore. A year earlier, on 30 September 2025, it was 0.00.
HDFC AMC's book value per share was ₹200.85 on 30 September 2026: shareholders' equity of ₹8,618 crore divided by the 42.91 crore shares in issue. The share price at the 29 October 2026 close was ₹2,316.70.
In 2026, HDFC AMC has declared one dividend: ₹54 with record date 5 June 2026.
HDFC AMC has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
HDFC AMC's basic earnings per share (EPS) were ₹66.77 in FY26.
In FY26, HDFC AMC generated ₹2,528 crore of cash from operations and spent ₹22.6 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹2,505 crore. In FY25 it was ₹2,030 crore.
HDFC AMC's latest results are for Q2 FY27 (July–September 2026), filed on 15 October 2026: consolidated net profit ₹749 crore, up 4.2% from ₹718 crore in Q2 FY26; revenue from operations ₹1,170 crore, up 13.9% year on year.
In FY26 (April 2025–March 2026), HDFC AMC's consolidated net profit was ₹2,858 crore, up 16.2% from ₹2,460 crore in FY25, on revenue from operations of ₹4,122 crore (up 17.8%). Over three years, from FY23, net profit was up 100.8%.
On FY26 consolidated figures, against Nippon Life India Asset Management, UTI Asset Management and Aditya Birla Sun Life AMC: HDFC AMC's operating margin of 78.2% is the highest of the four (Nippon Life India Asset Management 64.8%, UTI Asset Management 44.6%, Aditya Birla Sun Life AMC 57.4%; peer average 55.6%); its return on equity of 32.9% is the second highest of the four (Nippon Life India Asset Management 34.5%, UTI Asset Management 8.9%, Aditya Birla Sun Life AMC 25.1%; peer average 22.8%); its revenue growth over three years of 23.9% a year is the second highest of the four (Nippon Life India Asset Management 26.1% a year, UTI Asset Management 10.3% a year, Aditya Birla Sun Life AMC 14.6% a year; peer average 17.0% a year).
In FY26, HDFC AMC earned net profit of ₹2,858 crore on revenue of ₹4,122 crore, against ₹1,529 crore on ₹2,709 crore for Nippon Life India Asset Management. HDFC AMC's operating margin was 78.2% (Nippon Life India Asset Management 64.8%) and its return on equity 32.9% (Nippon Life India Asset Management 34.5%).
From HDFC Asset Management's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.