HDFC Asset Management Company Ltd

Meeting Details

• Date: October 15, 2026; virtual group earnings call.
• Purpose: discuss Q2 FY27 financial results.
• Organizer: HDFC Asset Management Company Limited.
• Participants: senior management.
• Recording: audio recording uploaded on company website.

Business overview

• Investment manager to HDFC Mutual Fund; among India’s largest mutual fund managers.
• Closing AUM ₹9.21 trillion as of Sep 30, 2026.
• Live accounts 32.3 million; 17.7 million unique PAN/PEKRN customers.
• 280 offices; 113k empaneled distribution partners; 20% B-30 contribution to monthly AUM.
• 98% of transactions digital in H1 FY27.

Operational highlights

• QAAUM ₹9,691 billion; 11.1% industry market share.
• Actively managed equity-oriented QAAUM ₹6,085 billion; 12.7% market share.
• 9 million systematic transactions in Sep 2026; ₹48.0 billion value.
• 70% of monthly AUM from individual investors.
• Total live accounts 32.3 million; 17.7 million unique PAN/PEKRN.
• B-30 network: 113k partners; 280 offices; 196 in B-30.

Financial performance

• Q2 FY27 revenue ₹11,689 million; up 14% YoY.
• Q2 FY27 operating profit ₹9,069 million; up 16%.
• Q2 FY27 PBT ₹9,778 million; up 12%.
• Q2 FY27 PAT ₹7,499 million; up 4%.
• H1 FY27 total income ₹26,009 million; up 12%.
• H1 FY27 operating profit ₹17,345 million; up 13%.
• ROE 32.9% (FY26).
• Operating margin (AAUM) Q2 FY27 36 bps; Q1 FY27 35 bps.
• FY26 final dividend ₹54 per share.

Capital structure & liquidity

• Total investments ₹87,456 million.
• Balance sheet and liquidity metrics disclosed; no material debt action noted.

Strategic priorities & outlook

• Digital-first distribution; 98% of H1 FY27 transactions completed digitally.
• Leverage large QAAUM base; maintain leadership in equity-oriented funds.
• Expand B-30 reach and partner network to sustain AUM growth.

Risks & governance

• Cyber-security incident on May 16, 2026; non-material to results; controls strengthened.

Board outcome

• Board approved unaudited standalone and consolidated results for quarter and half-year ended Sep 30, 2026.
• Results are subject to limited review by statutory auditors.
• Results enclosed with limited review reports and uploaded on the company website.
• Trading window for designated persons and their immediate relatives remains closed till Oct 17, 2026.
• Board meeting held from 01:00 pm to 02:30 pm on Oct 15, 2026.

ESOP/ PSU Grant Details

• NRC approved grant of 53,925 options and 14,925 PSUs on Oct 15, 2026.
• Total equity shares granted: 68,850 at Rs 5 face value.
• Grant price: Rs 2,296.90 per Option; Rs 5 per PSU.
• Vesting starts after one year, over four years.
• Options vest 10% after 1 year, 20% after 2 years, 30% after 3, 40% after 4.
• PSUs vest 0% after year 1, 0% after year 2, 30% after year 3, 70% after year 4.
• Options exercisable within four years from each vesting date.
• PSUs exercisable within one year from vesting date.

Meeting Details

• Board meeting scheduled for Thursday, October 15, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter and half year ending Sep 30, 2026.

Other Notes

• Trading window for designated persons and their immediate relatives closed Oct 1–17, 2026.

Allotment Details

• Share Allotment Committee approved allotments via circular resolutions on September 21, 2026.
• (i) 2,62,572 equity shares of Rs 5 under ESOP 2020; numbers 42,88,10,535–42,90,73,106.
• (ii) 292 equity shares of Rs 5 under ESOP and PSU Scheme -2025; numbers 42,90,73,107 to 42,90,73,398.
• Post allotment, paid-up capital stands at Rs 2,14,53,66,990 comprising 42,90,73,398 shares.

ESG rating disclosure

• ESG rating assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited: 78.72.
• Company states it did not engage the rating firm; rating prepared independently from public-domain information.

Meeting Schedule

• 08 Sep 2026, Mumbai; In-person group meeting with sell-side analyst group.
• 10 Sep 2026, Mumbai; UBS India Summit 2026, in-person conference; one-on-one/group.
• 17 Sep 2026, Gurgaon; Jefferies 5th India Forum, in-person conference; one-on-one/group.
• 21 Sep 2026, Mumbai; J.P. Morgan India Conference, in-person conference; one-on-one/group.
• 22 Sep 2026, Mumbai; Anand Rathi Annual Flagship Conference, in-person conference; one-on-one/group.

Meeting Details

• Date: September 1, 2026; Time: Not disclosed.
• Venue: Mumbai.
• Type/Mode: Conference - in-person (one-on-one and group).
• Event: Ashwamedh - Elara India Dialogue 2026.
• Purpose: Investor/analyst meeting with company representatives.
• Participants: Company representatives.