Investing.com - HDFC Asset Management reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
HDFC Asset Management announced earnings per share of ₹17.05 on revenue of ₹5.45. Analysts polled by Investing.com anticipated EPS of ₹16.28 on revenue of ₹5.4B.
HDFC Asset Management shares are down 21% from the beginning of the year and are trading at ₹2,071.50 , down-from-52-week-high.
HDFC Asset Management follows other major Financial sector earnings this month
HDFC Asset Management's report follows an earnings beat by HDFC Bank on October 15, who reported EPS of ₹19.93 on revenue of ₹491.8B, compared to forecasts EPS of ₹19.27 on revenue of ₹287.35B.
Bajaj Finance had beat expectations on Thursday with second quarter EPS of ₹45.81 on revenue of ₹99.68B, compared to forecast for EPS of ₹43.84 on revenue of ₹70.21B.
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