New Delhi, July 16 -- HDFC Asset Management Company (AMC) share price declined over 5% in early trade on Thursday after the company reported its Q1 results. HDFC AMC shares fell as much as 5.27% to Rs.2,586.60 apiece on the BSE.

HDFC AMC reported 12% year-on-year (YoY) rise in its consolidated net profit at Rs.837.13 crore for first quarter of FY27, driven by strong operational revenue. The company had posted a net profit of Rs.747.55 crore in the same quarter of the preceding fiscal.

The asset management firm's revenue from operations in Q1FY27 grew 13.6% to Rs.1,099.72 crore from Rs.968.15 crore, YoY.

HDFC AMC's Assets Under Management (AUM) rose to Rs.9.35 lakh crore from Rs.8.3 lakh crore.

HDFC AMC continues to deliver a healthy o...