HDFC AMC announces final dividend of Rs 90 as profits rise 18% in fiscal 24

Net profit in the fourth quarter to Rs 6.38 crore; dividends are subject to shareholder approval

HDFC Asset Management Corporation (HDFC AMC) announced on April 17 Final dividend of Rs 90 per share For fiscal 24, shareholder approval will be awaited at the upcoming annual general meeting. The move is on the back of a strong quarterly performance, the company reported Combined net profit increased by 18% year-on-year exist Rs 63.8 billioncompared with Rs 541 crore in the same period last year.

Total revenue in the March quarter also increases health 20.5%rise to Rs 1,025 crore Starting from ₹851 crore year-on-year.

Asset management giants also announced Dividend of Rs 7.50 per share in March quarterseparate from the final dividend proposal.

And more…