HDFC AMC Q1: Profit Jumps 24%, Brokerages Raise Targets Amid Growth Optimism

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posted a 24% YoY rise in Q1 net profit to ₹748 crore, with revenue up 25% at ₹968 crore. Average AUM rose 23% to ₹8.3 lakh crore. Analysts remain bullish, citing robust growth and revenue yield. Morgan Stanley hiked its target to ₹4,910 and Jefferies to ₹6,100, though cautioning on rising cost pressures.