HDFC Asset Management Company (AMC) has reported an impressive 18% increase in profit after tax (PAT) for the March quarter, reaching Rs 638.5 crore, compared to Rs 541 crore in the same period last year. This growth highlights the firm's strong performance amidst a competitive market. In addition to the rise in profit, the asset management firm also saw a notable 20.5% year-on-year increase in total income, which reached Rs 1,025.5 crore for the quarter under review.