Synopsis
ICICI Prudential Asset Management Company share price fell 3.4% after reporting flat March quarter profits, supported by strong revenue growth and improved operational performance. Even though quarterly profits declined sequentially, annual profits remained robust. Expanding assets under management and a growing investor base underscore sustained business momentum and reinforce the company’s strong position in the domestic mutual fund industry.
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ETMarkets.comICICI Prudential AMC announces steady growth with strong operational performance.Actions of Prudential asset management company ICICI declined as much as 3.4% to its day low of Rs 3,238 on BSE on Wednesday after reporting a strong profit growth for the March quarter, driven by higher revenues and better operational performance.
Profit after tax for the fourth quarter stood at Rs 763 crore, up 10 per cent from Rs 692 crore in the same quarter last year. Profit before tax rose to Rs 1,039 crore from Rs 917 crore a year ago. The company also announced a dividend of Rs 12.4 per share.
Operating performance improved significantly during the quarter. Operating profit stood at Rs 1,128 crore, an increase of 30 per cent from Rs 866 crore in Q4FY25, supported by tighter cost management and operating leverage.
Revenues remained strong with operating income growing 19% year-on-year to Rs 1,517 crore from Rs 1,269 crore. Total expenses declined to Rs 389 crore from Rs 403 crore during the year-ago period, thereby contributing to the margin expansion.
Quarter over quarter, profit declined. Net profit fell 17% from Rs 917 crore in Q3FY26, mainly due to decline in total revenue, even as operating costs remained under control.
For the year as a whole, profit growth was robust. Profit after tax in FY26 increased 24.4% to Rs 3,298 crore, compared to Rs 2,651 crore in FY25. Profit before tax increased 24.7% to Rs 4,407 crore, while operating profit increased 28.9% to Rs 4,171 crore.
Trade indicators also showed steady expansion. The average quarterly assets under management stood at Rs 11,04,787 crore in March 2026, compared to Rs 8,79,412 crore a year earlier.
The company declared a customer base of 17 million investors and a distribution network of over 1.14 lakh partners across 281 offices, reflecting its scale and reach in the domestic mutual fund market.
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