Revenue climbed 6% sequentially to ₹1,170 crore, eclipsing CNBC‑TV18's ₹1,128.8 crore forecast, signaling steady business inflow despite market volatility.
EBITDA surged 9% to ₹930 crore, beating the ₹888.9 crore expectation, while net profit dipped 11% YoY to ₹749 crore, largely due to a 73% plunge in other income—yet still topping the ₹708 crore estimate.
The stock leapt 5% to ₹2,406.5 on the NSE, trimming its year‑to‑date loss to 8.5% and placing it ahead of peers like MF Global and SBI AMC, which saw modest gains.
Analyst Shikha Gupta of Edelweiss noted the margin expansion as a positive flag, though the dip in other income signals sensitivity to market swings.
HDFC AMC will report Q3 results on December 1, with market watchers eyeing potential guidance on fee‑based income growth amid a bullish mutual‑fund landscape.