Shares of HDFC Asset Management Company (AMC) experienced a notable rally on October 15, 2026, climbing more than 6% in afternoon trading. The surge came after the asset management firm released its second-quarter earnings, which highlighted robust revenue growth and improved operational efficiency.
The stock closed at Rs 2,421.00, marking a 6.17% increase from its previous close of Rs 2,280.10. This upward movement pushed HDFC AMC's market capitalization to Rs 1.03 lakh crore, reflecting positive investor sentiment towards its latest financial performance.
Q2 Financial Highlights
HDFC AMC reported a strong increase in its Q2 revenue, which rose 14% year-over-year to Rs 1,170.22 crore. This is a significant jump from the Rs 1,027.40 crore recorded in the corresponding period last year, indicating healthy business expansion.
The company's net profit for the second quarter reached Rs 750 crore, compared to Rs 718 crore in the same quarter last year. This demonstrates continued profitability despite market dynamics.
Operational performance also saw substantial improvement, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increasing by 9.5% to Rs 931.1 crore during the quarter. Concurrently, the EBITDA margin expanded to 79.65%, underscoring efficient cost management and strong operational leverage.
However, other income for Q2 stood at Rs 71.26 crore, a decrease from Rs 96.19 crore reported in the year-ago period. On a sequential basis, other income was down from Rs 262.84 crore in the preceding June quarter.