{"id":131566,"date":"2022-07-22T07:50:43","date_gmt":"2022-07-22T11:50:43","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131566"},"modified":"2023-05-02T09:54:56","modified_gmt":"2023-05-02T13:54:56","slug":"hdfc-asset-management-company-ltd-for-q1fy23-reports-a-9-beat-down-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hdfc-asset-management-company-ltd-for-q1fy23-reports-a-9-beat-down-in-profits\/","title":{"rendered":"HDFC Asset Management Company Ltd. for Q1FY23 reports a 9% beat down in Profits"},"content":{"rendered":"\n

Revenue for Q1 FY23 has increased by 3% YoY to \u20b95,216 millions. Profit after Tax fell by 9% YoY to \u20b93,142 millions for Q1 FY 2023 mainly due to the fall in Other Income which fell 89% YoY to \u20b9113 millions for Q1FY23. Total Expenses rose by 4% and Other Expenses rose 27% due to business promotion expense and technology spend.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

Profit Before Tax (PBT) fell by 17% YoY to \u20b93,850 millions. In this quarter\u2019s\u00a0investor presentation<\/a>, management suggested drop in Other Income is the main reason for the drop in profitabilty.<\/p>\n\n\n\n

To further compare this quarter\u2019s results to the past, check out this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue for Q1 FY23 has increased by 3% YoY to \u20b95,216 millions. Profit after Tax fell by 9% YoY to \u20b93,142 millions for Q1 FY 2023 mainly due to the fall in Other Income which fell 89% YoY to \u20b9113 millions for Q1FY23. Total Expenses rose by 4% and Other Expenses rose 27% due to […]<\/p>\n","protected":false},"author":1885,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,6349,1],"tags":[10089],"class_list":["post-131566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-transcripts","category-finance-stocks","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131380,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-q1fy23-reports-a-21-fall-in-profits\/","url_meta":{"origin":131566,"position":0},"title":"Wipro Limited Q1FY23 reports a 21% fall in Profits","author":"Karan_Singh","date":"July 20, 2022","format":false,"excerpt":"Revenue for Q1 FY23 has increased by 18% YoY to \u20b9 215,286 millions. 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