Only gain for Q4 increases to RS 638 million rupees; Dividend subject to the approval of the shareholders
HDFC Asset Management Company (HDFC AMC) on April 17 announced a Final Dividend of RS 90 per action For the fiscal year24, the pending approval of the shareholders at their next annual general meeting. The movement occurs at the back of a strong quarterly performance, where the company reported a 18 percent year -on -year increase in consolidated net gains ate RS 638 million rupeesCompared to RS 541 million rupees in the same quarter last year.
Total income for the quarter of March also saw a healthy entry of 20.5 percentrising to RS 1,025 million rupees Of RS 851 million rupees year after year.
The asset management giant also declared a Dividend of RS 7.50 per action for the quarter of Marchseparated from the final dividend proposal.
More to come …