HDFC Asset Management Company Hit by Cybersecurity Incident, Shares Decline 3%

Cybersecurity Incident Hits HDFC Asset Management Company

Shares of HDFC Asset Management Company (AMC) plummeted 3% on May 18, 2026, following a reported cybersecurity incident on May 16, 2026. The company revealed that it had received a call claiming unauthorized access to certain portions of its IT infrastructure.

According to a stock exchange filing, HDFC AMC promptly activated its protocols for containment and incident response, and engaged a specialist firm to assess the potential impact of the incident. Although the detailed assessment is ongoing, the initial assessment suggests that the incident is unlikely to affect the continuity of the company's business and operations, and there appears to be no material impact on the company's operations.

On May 18, HDFC AMC shares were trading 3% lower at Rs 2,624.2 apiece at 9:40 am. Other AMC shares, including ICICI Prudential AMC and Aditya Birla Sun Life Asset Management Company Ltd, also fell 3% each, while UTI AMC traded 2.3% lower.

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The Nifty Capital Markets index was trading 1.6% lower at 5,406.2, while benchmarks Sensex and Nifty were trading 1.3% lower each.

In its latest earnings report, HDFC AMC had posted a 2.4% decline in consolidated profit after tax (PAT) at Rs 622.66 crore for the three months ended March 2026. However, revenue from operations grew 17% year-on-year to Rs 1,051.51 crore in the quarter under review. The company had reported a PAT of Rs 638.46 crore in the year-ago period.