On Tuesday, HDFC Asset Management Company reported 42.15 per cent year-on-year rise at profit at Rs 291.79 crore for the quarter ended June 30. Further, the company had posted a profit of Rs 205.26 crore in the corresponding quarter last year.
From operations, revenue increased 7.03 per cent YoY to Rs 504.39 crore in Q1FY19 over Rs 471.23 crore in Q1FY18.
During the quarter under review against Rs 206.55 crore, the total expenses of the company turned down to Rs 122.86 crore in the same period last year.
Read EquityPandit’s Nifty Outlook for the Week
Shares of the company were trading 1.04 per cent up at Rs 1,954.70 after the announcement of quarterly results, while the BSE Sensex was up 255 points, or 0.66 per cent at 39152 at around 2.43 pm (IST).