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HDFC Asset Management Revenue History — Quarter by Quarter

HDFC Asset Management's revenue moved from ₹1,026 Cr in Q2 FY26 to ₹1,052 Cr in Q4 FY26, a 2.5% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q4 FY26₹1,052 Cr+18%
Q3 FY26₹1,075 Cr+15%
Q2 FY26₹1,026 Cr+16%

What management said about revenue

G

Q4 FY26 · Selective NFO launches, focus on existing schemes

No major NFO pipeline; focus on sharpening existing fund performance and selectively launching thematic/passive products backed by strong conviction.

G

Q3 FY26 · Continue building PMS and alternatives business

PMS AUM crossed ₹5,000 crore; structured credit fund first close at ₹1,290 crore. Plans to launch second VC/PE fund of funds and engage global institutions.

G

Q2 FY26 · Opex growth of 12-15% annually

Management expects operating expenses to grow at 12-15% on an annual basis, including investments in distribution, technology, and new businesses.